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2022-10-04

Which is the emerging superpower ?

Alibaba And Tencent: Can Value Investing Work In China?

2022-02-27

Are these companies actually profitable ? Remember ARKK !

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2022-04-03

All great companies. Question is buy at whatprice

7 Blue-Chip Stocks to Buy for April 2022

2021-06-01

Too over valued at the moment to buy

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2022-03-31

Healthy pullback

US STOCKS-Dow, S&P Close Lower After 4 Days of Gains

2021-06-03

Zoom to the moon

Zoom Earnings Beat Expectations: 5 Key Metrics You Should See

2022-04-10

2030 - 8 years from now. A lot can happen

Where Will Tesla Stock Be In 2030? Analyst Weighs In

2022-06-30

Detailed analysis Definitely an interesting company. Last line is most important. Small position in a well rounded portfolio.

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2022-02-23

Sounds like it's good for SOFI's business thowhy down

Why Did SoFI Shares Plunge Nearly 10% on Tuesday

2021-05-14

Let the sale carry on

Wall Street closes higher in 'buy the dip' session

Go to Tiger App to see more news

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is the emerging superpower ?&nbsp;","listText":"Which is the emerging superpower ?&nbsp;","text":"Which is the emerging superpower ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912569955","repostId":"2272048859","repostType":2,"repost":{"id":"2272048859","kind":"highlight","pubTimestamp":1664802639,"share":"https://ttm.financial/m/news/2272048859?lang=en_US&edition=fundamental","pubTime":"2022-10-03 21:10","market":"us","language":"en","title":"Alibaba And Tencent: Can Value Investing Work In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=2272048859","media":"Seekingalpha","summary":"ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BAB","content":"<html><head></head><body><h2>Thesis</h2><p>There seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts provide a quick summary of their key valuation and profitability metrics. I think it is reasonable to benchmark BABA against Amazon (AMZN) given that they share more similarities than differences in their business fundamentals. But it is hard to find a counterpart for Tencent: it&#39;s kind of a combination of all the FAAMG businesses.</p><p>Regardless of the differences in their business details, the overall picture from these two charts is so overwhelming. With an FY1 PE in the range of 11x to 14.5x, both BABA and TCEHY are so cheaply valued both in absolute terms and relative terms compared to peers like AMZN or the overall market. Yet, their profitability rivals the best of the stocks in the market. As to be elaborated on later, their ROCE (return on capital employed) is more than 2x higher than the average of the FAAMG group (around 55%), and their R&amp;D yield is almost 2x higher than the FAAMG group.</p><p></p><p><img src=\"https://static.tigerbbs.com/3e16e134e2eae031060c9222fce9fc68\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/8d144e0b05afcf9211fa28428ef6c0aa\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Seeking Alpha data</p><p>Based on our discussions with SA readers and other investors lately, the key issue where many bulls and bears disagree is simply this: can value investing work in China? It is a fair and completely logical question. The fact that we can admit they are value stocks does not mean they are good investments, because value investing may not work in China.</p><p>Besides being logical, the question is also well supported by facts. And the chart below provides an example. The chart compares the price returns, i.e. with dividends excluded, from the SSE Composite Index (000001.SS) in the past 5 years against those from the S&amp;P 500. As seen, the SSE Composite Index lost a total of 9.09% while the S&amp;P 500 gained a total of 47.62%. Changing the timeframe does not seem to change the picture too much. For example, when we extend the timeframe to the past 10 years, the SSE Composite Index gained a total of 42.4% - which seems like good news. But the S&amp;P 500 gained more than 169%. So the relative lag is even wider.</p><p>In the remainder of this article, I will provide my two cents on this debate. Also, my opinion is that I don’t see any reason why value investing should not work in China. In my mind, the idea of paying less to buy more is so universal and timeless that I do not see why it would stop working, as to be elaborated on next.</p><p></p><p><img src=\"https://static.tigerbbs.com/5dfb01199cbf518e311fd290945e8272\" tg-width=\"640\" tg-height=\"271\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Yahoo data</p><h2>Historical perspective</h2><p>First, let me provide a piece of counter-evidence to the chart above by going back further in history. The chart below was taken from a lecture Li Lu gave in 2015. Readers unfamiliar with Li Lu can take a look at our recent article and I highly encourage you to read the transcript of this lecture in its entirety.</p><p>The chart compares the performance of China&#39;s stock markets versus the U.S. between 1992 and 2015. As seen, the Shanghai Stock Exchange indexes have grown 1406% during this time at an IRR of 12.1%. And the Shenzhen indexes have grown even more, 1864%, during this time at an IRR of 13.4%. Both growths have far outpaced all the major U.S. indexes. To wit, the Shanghai Stock Exchange indexes’ 1406% growth outpaced the S&amp;P 500 by 2.12x, the DOW Jones by 1.73x, and the NASDAQ 100 index by 1.63x.</p><p>It is true that in the past decade, returns from the China stock markets have lagged the U.S. substantially. But bear in mind that A) the U.S. stock markets have suffered its “lost decades” too multiple times in the past; and B) like all performance comparisons, the conclusion often changes when the timeframe changes.</p><p>Next, we will see if history can offer some insights into the future.</p><p><img src=\"https://static.tigerbbs.com/3a6cba38f13bf629ff8f91fb95cc1159\" tg-width=\"640\" tg-height=\"189\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Li Lu 2015 lecture</p><h2>Which direction would China stocks go next?</h2><p>After the above macro-level view, now let’s descend and look at the specific stocks. The top panel of the following chart shows the best-performing U.S. stocks since their IPO. And you see all the familiar names on this list. And you cannot help but notice that this list is dominated by “old economy” stocks such as insurance conglomerates such as Berkshire (BRK.A) (BRK.B) and Aflac (AFL), chain retailers such as Home Depot (HD) and Walmart (WMT), and consumer staples like V.F. Corp. (VFC) and Altria (MO). The picture is very similar if you make a list of the best-performing China stocks since their IPO on the Shanghai or Shenzhen stock exchanges. The list is also dominated by “old economy” stocks like China Vanke (OTCPK:CHVKF) (OTCPK:CHVKY) (real estate), Gree Electronics (home appliances), Yunnan Biaoyao Medicinal (Healthcare), Kweichow Moutai (liquor), et al.</p><p>The bottom panel of the following chart shows the best-performing stocks by IRR. And now you see the pictures change in two dramatic ways. First, the list is dominated by “new economy” stocks that went IPO primarily around ~2000 such as Baidu (BIDU), Netflix (NFLX), Amazon (AMZN), Ctrip (TCOM), and Salesforce (CRM). And secondly, you see that quite a few Chinese companies listed in the U.S. stock market have made the top 10 list such as Baidu and Ctrip.</p><p>Such a historical perspective leads me to the following recognition about BABA and TCEHY: what has happened to them so far is a hiccup along the way an unstoppable secular shift from the old economy to the new economy. The shift is equally unstoppable in both the U.S. and China. And I won’t be surprised to see BABA and TCEHY appearing on the list when we update it 10 years from now.</p><p>Next, I will provide a few business specifics about BABA and TCEHY to support my above view.</p><p><img src=\"https://static.tigerbbs.com/1dceadf8460e915d7c19021a6b1655c7\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Li Lu 2015 lecture</p><h2>Both R&amp;D aggressively and enjoy superb yield</h2><p><i>As mentioned in our earlier writings, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we are more focused on A) the recurring resources available to fund new R&amp;D efforts sustainably, and B) the overall efficiency of the R&amp;D PROCESS. </i></p><p>So let’s first see how well and sustainably BABA and TCEHY can fund their new R&amp;D efforts. The short answer is: extremely well. The next chart shows the R&amp;D expenses of BABA and TCEHY over the past decade. As seen, both have been consistently investing heavily in R&amp;D. BABA spends on average 8.9% of its total sales on R&amp;D efforts, and TCEHY on average 8.7%. Both levels are consistent with the average of other leaders in the tech space. For example, in the FAAMG group, AMZN spends about 10% of total revenues on its R&amp;D, MSFT about 13%, and AAPL about 6.1%.</p><p><img src=\"https://static.tigerbbs.com/c27d25c102407cdea27576b5ef4aa016\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p>Then the next question is, how effective is their R&amp;D’s process? The next chart shows a variation of Buffett’s $1 test applied to R&amp;D expenses for BABA and TCEHY. The analysis method is detailed in our earlier writings and in summary:</p><ul><li><i>The purpose of any corporate R&amp;D is obviously to generate profit. Therefore, this analysis quantifies the yield by taking the ratio between profit and R&amp;D expenditures. We used the operating cash flow as the measure for profit. </i></li><li><i>Also, most R&amp;D investments do not produce any result in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a 3-year average investment cycle for R&amp;D. And as a result, we used the 3-year moving average of operating cash flow to represent this 3-year cycle. </i></li></ul><p>As you can see, the R&amp;D yield for both has been remarkably consistent and also superb. In BABA’s case, its R&amp;D yield has been steady around an average of $3.31 in recent years. TCEHY’s R&amp;D yield of $3.82 is even higher than BABA&#39;s. To put things under perspective, let’s compare such levels of R&amp;D yield again to the overachieving FAAMG group, which boasts an average R&amp;D yield of around $2 to $2.5 in recent years. And in particular, BABA’s closest peer in the group, AMZN generates a yield of around $0.9 only.</p><p>Next, we will examine their profitability to fuel their R&amp;D efforts sustainably and also project their growth rates.</p><p><img src=\"https://static.tigerbbs.com/7ff7c5712303389c002f61b3d37a464f\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Both enjoy superior profitability too</h2><p>As explained in our earlier writings, to us, the most important profitability measure is ROCE (return on capital employed) because:</p><blockquote><i>ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate. Because when we think as long-term business owners, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e., </i></blockquote><blockquote><i>Long-Term Growth Rate = ROCE * Reinvestment Rate </i></blockquote><blockquote><i>In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized. </i></blockquote><p>As you can see from the chart below, both BABA and TCEHY’s ROCE were literally off the chart till about 2019. They both enjoyed a ROCE on average exceeding 150% before 2019. To put things into perspective, AMZN’s ROCE is only about 29% in recent years. And the FAAMG group’s average ROCE has been about 55% in recent years. From this perspective, this is no wonder why the Chinese government had to tighten regulations and curb their profitability in recent years. And as you can see, their profitability did suffer and declined since then. But even after the decline caused by regulations and tax rate changes, their current ROCE is still above 89% for BABA and about 154% for TCEHY.</p><p><img src=\"https://static.tigerbbs.com/d8502a3508458929a2472fd77abc865f\" tg-width=\"640\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Growth prospects and final verdict</h2><p>As such, looking forward, I see both as well-poised to sustainably fund their innovation via their organic profits. Furthermore, as mentioned above, I also see both best poised to benefit from the secular trend of e-commerce and digitalization not only in China but also globally. Currently, 80% of the commerce is still currently conducted offline and eCommerce only accounts for a total of 20% of the total. The remainder of the digital revolution will be unevenly distributed geographically and the Asia-Pacific region will be the epicenter. And leaders like BABA and TCEHY will be the best positioned to benefit as argued in my earlier article:</p><blockquote><i>… the remaining shift will be unevenly distributed and the Asian-Pacific region will be the center of the momentum. As shown in the chart above, world retail e-commerce sales are expected to exceed $7.3 trillion by 2025. The twist is that the Asia-Pacific region will be where most of the growth will be. By 2023, the Western continents will contribute 16% of the total B2B e-commerce volume, while the remaining 84% would come from the non-Western world. And leaders like BABA and TCEHY are best poised to benefit with their scale and reach, government support, cultural compatibility with other Asian-Pacific countries, and also geographic proximity.</i></blockquote><p>Finally, the following table summarizes all the key metrics discussed above. As mentioned early on, my thesis is that I don’t see why value investing would stop working here given the megatrend, their profitability, and their current valuation. To wit, their valuation is so low that they both provide a healthy owner’s earning yield (“OEY”): 5.6% for BABA and 6.3% for TCEHY at their current prices. And note here that I&#39;m using the free cash flow taken from Seeking Alpha as shown in the second chart below to approximate their owners’ earnings. As such, this is a conservative estimate for their OEY, because the true owners&#39; earnings will be free cash flow plus the growth part of their CAPEX expenses.</p><p>For growth, BABA is projected to grow at 8.9% assuming a reinvestment rate of 10% and its current ROCE of 89% (Perpetual growth rate = 89% ROCE * 10% reinvestment rate = 8.9%). And for TCEHY, the growth rate would be even higher, 15.4%, if we assume the same 10% reinvestment rate because of its higher ROCE of 154% (Perpetual growth rate = 154% ROCE * 10% reinvestment rate = 15.4%).</p><p>All told, BABA is projected to provide a 14.5% total return per year (5.6% OEY plus 8.9% growth) and TCEHY 21.7% (6.3% OEY plus 15.4% growth).</p><p><img src=\"https://static.tigerbbs.com/41f6ca4e324250c4ff76b93a032fb491\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/79b1dde89c5e7977567245d5f41c4294\" tg-width=\"640\" tg-height=\"179\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Seeking Alpha data</p><h2>Risks and final thoughts</h2><p>There are a couple of risks worth mentioning, especially in the near term. Firstly, their ROCE might shrink from the current levels either due to the slowdown of the overall Chinese economy or due to further regulatory changes. Secondly, they may not always be able to find high-margin and high-growth areas to reinvest. The above projections were made under the assumption that A) they always find new opportunities with returns matching their current ROCE, and B) the opportunities are sizable enough to absorb a 10% reinvestment rate. Although under current conditions, even if the growth rates are cut by half due to a combination of A and B, their total annual returns would still be in the double digits.</p><p>To conclude, a key disagreement between many bulls and bears surrounding BABA and TCEHY is not about their valuation or profitability. The key disagreement is simply whether value investing can work in China or not. The question is not only logical but also well supported by recent facts (say the performance of the China stock market, BABA stock prices, and TCEHY prices in the past 5 or 10 years). However, by widening the perspective, my view is that what happened to BABA and TCEHY recently is a hiccup along the way of an unstoppable secular shift from the old economy to the new economy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba And Tencent: Can Value Investing Work In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba And Tencent: Can Value Investing Work In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","00700":"腾讯控股","09988":"阿里巴巴-W","TCEHY":"腾讯控股ADR"},"source_url":"https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272048859","content_text":"ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts provide a quick summary of their key valuation and profitability metrics. I think it is reasonable to benchmark BABA against Amazon (AMZN) given that they share more similarities than differences in their business fundamentals. But it is hard to find a counterpart for Tencent: it's kind of a combination of all the FAAMG businesses.Regardless of the differences in their business details, the overall picture from these two charts is so overwhelming. With an FY1 PE in the range of 11x to 14.5x, both BABA and TCEHY are so cheaply valued both in absolute terms and relative terms compared to peers like AMZN or the overall market. Yet, their profitability rivals the best of the stocks in the market. As to be elaborated on later, their ROCE (return on capital employed) is more than 2x higher than the average of the FAAMG group (around 55%), and their R&D yield is almost 2x higher than the FAAMG group.Source: Author based on Seeking Alpha dataSource: Seeking Alpha dataBased on our discussions with SA readers and other investors lately, the key issue where many bulls and bears disagree is simply this: can value investing work in China? It is a fair and completely logical question. The fact that we can admit they are value stocks does not mean they are good investments, because value investing may not work in China.Besides being logical, the question is also well supported by facts. And the chart below provides an example. The chart compares the price returns, i.e. with dividends excluded, from the SSE Composite Index (000001.SS) in the past 5 years against those from the S&P 500. As seen, the SSE Composite Index lost a total of 9.09% while the S&P 500 gained a total of 47.62%. Changing the timeframe does not seem to change the picture too much. For example, when we extend the timeframe to the past 10 years, the SSE Composite Index gained a total of 42.4% - which seems like good news. But the S&P 500 gained more than 169%. So the relative lag is even wider.In the remainder of this article, I will provide my two cents on this debate. Also, my opinion is that I don’t see any reason why value investing should not work in China. In my mind, the idea of paying less to buy more is so universal and timeless that I do not see why it would stop working, as to be elaborated on next.Source: Yahoo dataHistorical perspectiveFirst, let me provide a piece of counter-evidence to the chart above by going back further in history. The chart below was taken from a lecture Li Lu gave in 2015. Readers unfamiliar with Li Lu can take a look at our recent article and I highly encourage you to read the transcript of this lecture in its entirety.The chart compares the performance of China's stock markets versus the U.S. between 1992 and 2015. As seen, the Shanghai Stock Exchange indexes have grown 1406% during this time at an IRR of 12.1%. And the Shenzhen indexes have grown even more, 1864%, during this time at an IRR of 13.4%. Both growths have far outpaced all the major U.S. indexes. To wit, the Shanghai Stock Exchange indexes’ 1406% growth outpaced the S&P 500 by 2.12x, the DOW Jones by 1.73x, and the NASDAQ 100 index by 1.63x.It is true that in the past decade, returns from the China stock markets have lagged the U.S. substantially. But bear in mind that A) the U.S. stock markets have suffered its “lost decades” too multiple times in the past; and B) like all performance comparisons, the conclusion often changes when the timeframe changes.Next, we will see if history can offer some insights into the future.Source: Li Lu 2015 lectureWhich direction would China stocks go next?After the above macro-level view, now let’s descend and look at the specific stocks. The top panel of the following chart shows the best-performing U.S. stocks since their IPO. And you see all the familiar names on this list. And you cannot help but notice that this list is dominated by “old economy” stocks such as insurance conglomerates such as Berkshire (BRK.A) (BRK.B) and Aflac (AFL), chain retailers such as Home Depot (HD) and Walmart (WMT), and consumer staples like V.F. Corp. (VFC) and Altria (MO). The picture is very similar if you make a list of the best-performing China stocks since their IPO on the Shanghai or Shenzhen stock exchanges. The list is also dominated by “old economy” stocks like China Vanke (OTCPK:CHVKF) (OTCPK:CHVKY) (real estate), Gree Electronics (home appliances), Yunnan Biaoyao Medicinal (Healthcare), Kweichow Moutai (liquor), et al.The bottom panel of the following chart shows the best-performing stocks by IRR. And now you see the pictures change in two dramatic ways. First, the list is dominated by “new economy” stocks that went IPO primarily around ~2000 such as Baidu (BIDU), Netflix (NFLX), Amazon (AMZN), Ctrip (TCOM), and Salesforce (CRM). And secondly, you see that quite a few Chinese companies listed in the U.S. stock market have made the top 10 list such as Baidu and Ctrip.Such a historical perspective leads me to the following recognition about BABA and TCEHY: what has happened to them so far is a hiccup along the way an unstoppable secular shift from the old economy to the new economy. The shift is equally unstoppable in both the U.S. and China. And I won’t be surprised to see BABA and TCEHY appearing on the list when we update it 10 years from now.Next, I will provide a few business specifics about BABA and TCEHY to support my above view.Source: Li Lu 2015 lectureBoth R&D aggressively and enjoy superb yieldAs mentioned in our earlier writings, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we are more focused on A) the recurring resources available to fund new R&D efforts sustainably, and B) the overall efficiency of the R&D PROCESS. So let’s first see how well and sustainably BABA and TCEHY can fund their new R&D efforts. The short answer is: extremely well. The next chart shows the R&D expenses of BABA and TCEHY over the past decade. As seen, both have been consistently investing heavily in R&D. BABA spends on average 8.9% of its total sales on R&D efforts, and TCEHY on average 8.7%. Both levels are consistent with the average of other leaders in the tech space. For example, in the FAAMG group, AMZN spends about 10% of total revenues on its R&D, MSFT about 13%, and AAPL about 6.1%.Source: Author based on Seeking Alpha dataThen the next question is, how effective is their R&D’s process? The next chart shows a variation of Buffett’s $1 test applied to R&D expenses for BABA and TCEHY. The analysis method is detailed in our earlier writings and in summary:The purpose of any corporate R&D is obviously to generate profit. Therefore, this analysis quantifies the yield by taking the ratio between profit and R&D expenditures. We used the operating cash flow as the measure for profit. Also, most R&D investments do not produce any result in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a 3-year average investment cycle for R&D. And as a result, we used the 3-year moving average of operating cash flow to represent this 3-year cycle. As you can see, the R&D yield for both has been remarkably consistent and also superb. In BABA’s case, its R&D yield has been steady around an average of $3.31 in recent years. TCEHY’s R&D yield of $3.82 is even higher than BABA's. To put things under perspective, let’s compare such levels of R&D yield again to the overachieving FAAMG group, which boasts an average R&D yield of around $2 to $2.5 in recent years. And in particular, BABA’s closest peer in the group, AMZN generates a yield of around $0.9 only.Next, we will examine their profitability to fuel their R&D efforts sustainably and also project their growth rates.Source: Author based on Seeking Alpha dataBoth enjoy superior profitability tooAs explained in our earlier writings, to us, the most important profitability measure is ROCE (return on capital employed) because:ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate. Because when we think as long-term business owners, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e., Long-Term Growth Rate = ROCE * Reinvestment Rate In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized. As you can see from the chart below, both BABA and TCEHY’s ROCE were literally off the chart till about 2019. They both enjoyed a ROCE on average exceeding 150% before 2019. To put things into perspective, AMZN’s ROCE is only about 29% in recent years. And the FAAMG group’s average ROCE has been about 55% in recent years. From this perspective, this is no wonder why the Chinese government had to tighten regulations and curb their profitability in recent years. And as you can see, their profitability did suffer and declined since then. But even after the decline caused by regulations and tax rate changes, their current ROCE is still above 89% for BABA and about 154% for TCEHY.Source: Author based on Seeking Alpha dataGrowth prospects and final verdictAs such, looking forward, I see both as well-poised to sustainably fund their innovation via their organic profits. Furthermore, as mentioned above, I also see both best poised to benefit from the secular trend of e-commerce and digitalization not only in China but also globally. Currently, 80% of the commerce is still currently conducted offline and eCommerce only accounts for a total of 20% of the total. The remainder of the digital revolution will be unevenly distributed geographically and the Asia-Pacific region will be the epicenter. And leaders like BABA and TCEHY will be the best positioned to benefit as argued in my earlier article:… the remaining shift will be unevenly distributed and the Asian-Pacific region will be the center of the momentum. As shown in the chart above, world retail e-commerce sales are expected to exceed $7.3 trillion by 2025. The twist is that the Asia-Pacific region will be where most of the growth will be. By 2023, the Western continents will contribute 16% of the total B2B e-commerce volume, while the remaining 84% would come from the non-Western world. And leaders like BABA and TCEHY are best poised to benefit with their scale and reach, government support, cultural compatibility with other Asian-Pacific countries, and also geographic proximity.Finally, the following table summarizes all the key metrics discussed above. As mentioned early on, my thesis is that I don’t see why value investing would stop working here given the megatrend, their profitability, and their current valuation. To wit, their valuation is so low that they both provide a healthy owner’s earning yield (“OEY”): 5.6% for BABA and 6.3% for TCEHY at their current prices. And note here that I'm using the free cash flow taken from Seeking Alpha as shown in the second chart below to approximate their owners’ earnings. As such, this is a conservative estimate for their OEY, because the true owners' earnings will be free cash flow plus the growth part of their CAPEX expenses.For growth, BABA is projected to grow at 8.9% assuming a reinvestment rate of 10% and its current ROCE of 89% (Perpetual growth rate = 89% ROCE * 10% reinvestment rate = 8.9%). And for TCEHY, the growth rate would be even higher, 15.4%, if we assume the same 10% reinvestment rate because of its higher ROCE of 154% (Perpetual growth rate = 154% ROCE * 10% reinvestment rate = 15.4%).All told, BABA is projected to provide a 14.5% total return per year (5.6% OEY plus 8.9% growth) and TCEHY 21.7% (6.3% OEY plus 15.4% growth).Source: Author based on Seeking Alpha dataSource: Seeking Alpha dataRisks and final thoughtsThere are a couple of risks worth mentioning, especially in the near term. Firstly, their ROCE might shrink from the current levels either due to the slowdown of the overall Chinese economy or due to further regulatory changes. Secondly, they may not always be able to find high-margin and high-growth areas to reinvest. The above projections were made under the assumption that A) they always find new opportunities with returns matching their current ROCE, and B) the opportunities are sizable enough to absorb a 10% reinvestment rate. Although under current conditions, even if the growth rates are cut by half due to a combination of A and B, their total annual returns would still be in the double digits.To conclude, a key disagreement between many bulls and bears surrounding BABA and TCEHY is not about their valuation or profitability. The key disagreement is simply whether value investing can work in China or not. The question is not only logical but also well supported by recent facts (say the performance of the China stock market, BABA stock prices, and TCEHY prices in the past 5 or 10 years). However, by widening the perspective, my view is that what happened to BABA and TCEHY recently is a hiccup along the way of an unstoppable secular shift from the old economy to the new economy.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9,"TCEHY":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":3004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912560276,"gmtCreate":1664853537795,"gmtModify":1676537519596,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Zero covid will not last forever&nbsp;","listText":"Zero covid will not last forever&nbsp;","text":"Zero covid will not last forever","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912560276","repostId":"2272048859","repostType":2,"repost":{"id":"2272048859","kind":"highlight","pubTimestamp":1664802639,"share":"https://ttm.financial/m/news/2272048859?lang=en_US&edition=fundamental","pubTime":"2022-10-03 21:10","market":"us","language":"en","title":"Alibaba And Tencent: Can Value Investing Work In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=2272048859","media":"Seekingalpha","summary":"ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BAB","content":"<html><head></head><body><h2>Thesis</h2><p>There seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts provide a quick summary of their key valuation and profitability metrics. I think it is reasonable to benchmark BABA against Amazon (AMZN) given that they share more similarities than differences in their business fundamentals. But it is hard to find a counterpart for Tencent: it&#39;s kind of a combination of all the FAAMG businesses.</p><p>Regardless of the differences in their business details, the overall picture from these two charts is so overwhelming. With an FY1 PE in the range of 11x to 14.5x, both BABA and TCEHY are so cheaply valued both in absolute terms and relative terms compared to peers like AMZN or the overall market. Yet, their profitability rivals the best of the stocks in the market. As to be elaborated on later, their ROCE (return on capital employed) is more than 2x higher than the average of the FAAMG group (around 55%), and their R&amp;D yield is almost 2x higher than the FAAMG group.</p><p></p><p><img src=\"https://static.tigerbbs.com/3e16e134e2eae031060c9222fce9fc68\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/8d144e0b05afcf9211fa28428ef6c0aa\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Seeking Alpha data</p><p>Based on our discussions with SA readers and other investors lately, the key issue where many bulls and bears disagree is simply this: can value investing work in China? It is a fair and completely logical question. The fact that we can admit they are value stocks does not mean they are good investments, because value investing may not work in China.</p><p>Besides being logical, the question is also well supported by facts. And the chart below provides an example. The chart compares the price returns, i.e. with dividends excluded, from the SSE Composite Index (000001.SS) in the past 5 years against those from the S&amp;P 500. As seen, the SSE Composite Index lost a total of 9.09% while the S&amp;P 500 gained a total of 47.62%. Changing the timeframe does not seem to change the picture too much. For example, when we extend the timeframe to the past 10 years, the SSE Composite Index gained a total of 42.4% - which seems like good news. But the S&amp;P 500 gained more than 169%. So the relative lag is even wider.</p><p>In the remainder of this article, I will provide my two cents on this debate. Also, my opinion is that I don’t see any reason why value investing should not work in China. In my mind, the idea of paying less to buy more is so universal and timeless that I do not see why it would stop working, as to be elaborated on next.</p><p></p><p><img src=\"https://static.tigerbbs.com/5dfb01199cbf518e311fd290945e8272\" tg-width=\"640\" tg-height=\"271\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Yahoo data</p><h2>Historical perspective</h2><p>First, let me provide a piece of counter-evidence to the chart above by going back further in history. The chart below was taken from a lecture Li Lu gave in 2015. Readers unfamiliar with Li Lu can take a look at our recent article and I highly encourage you to read the transcript of this lecture in its entirety.</p><p>The chart compares the performance of China&#39;s stock markets versus the U.S. between 1992 and 2015. As seen, the Shanghai Stock Exchange indexes have grown 1406% during this time at an IRR of 12.1%. And the Shenzhen indexes have grown even more, 1864%, during this time at an IRR of 13.4%. Both growths have far outpaced all the major U.S. indexes. To wit, the Shanghai Stock Exchange indexes’ 1406% growth outpaced the S&amp;P 500 by 2.12x, the DOW Jones by 1.73x, and the NASDAQ 100 index by 1.63x.</p><p>It is true that in the past decade, returns from the China stock markets have lagged the U.S. substantially. But bear in mind that A) the U.S. stock markets have suffered its “lost decades” too multiple times in the past; and B) like all performance comparisons, the conclusion often changes when the timeframe changes.</p><p>Next, we will see if history can offer some insights into the future.</p><p><img src=\"https://static.tigerbbs.com/3a6cba38f13bf629ff8f91fb95cc1159\" tg-width=\"640\" tg-height=\"189\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Li Lu 2015 lecture</p><h2>Which direction would China stocks go next?</h2><p>After the above macro-level view, now let’s descend and look at the specific stocks. The top panel of the following chart shows the best-performing U.S. stocks since their IPO. And you see all the familiar names on this list. And you cannot help but notice that this list is dominated by “old economy” stocks such as insurance conglomerates such as Berkshire (BRK.A) (BRK.B) and Aflac (AFL), chain retailers such as Home Depot (HD) and Walmart (WMT), and consumer staples like V.F. Corp. (VFC) and Altria (MO). The picture is very similar if you make a list of the best-performing China stocks since their IPO on the Shanghai or Shenzhen stock exchanges. The list is also dominated by “old economy” stocks like China Vanke (OTCPK:CHVKF) (OTCPK:CHVKY) (real estate), Gree Electronics (home appliances), Yunnan Biaoyao Medicinal (Healthcare), Kweichow Moutai (liquor), et al.</p><p>The bottom panel of the following chart shows the best-performing stocks by IRR. And now you see the pictures change in two dramatic ways. First, the list is dominated by “new economy” stocks that went IPO primarily around ~2000 such as Baidu (BIDU), Netflix (NFLX), Amazon (AMZN), Ctrip (TCOM), and Salesforce (CRM). And secondly, you see that quite a few Chinese companies listed in the U.S. stock market have made the top 10 list such as Baidu and Ctrip.</p><p>Such a historical perspective leads me to the following recognition about BABA and TCEHY: what has happened to them so far is a hiccup along the way an unstoppable secular shift from the old economy to the new economy. The shift is equally unstoppable in both the U.S. and China. And I won’t be surprised to see BABA and TCEHY appearing on the list when we update it 10 years from now.</p><p>Next, I will provide a few business specifics about BABA and TCEHY to support my above view.</p><p><img src=\"https://static.tigerbbs.com/1dceadf8460e915d7c19021a6b1655c7\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Li Lu 2015 lecture</p><h2>Both R&amp;D aggressively and enjoy superb yield</h2><p><i>As mentioned in our earlier writings, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we are more focused on A) the recurring resources available to fund new R&amp;D efforts sustainably, and B) the overall efficiency of the R&amp;D PROCESS. </i></p><p>So let’s first see how well and sustainably BABA and TCEHY can fund their new R&amp;D efforts. The short answer is: extremely well. The next chart shows the R&amp;D expenses of BABA and TCEHY over the past decade. As seen, both have been consistently investing heavily in R&amp;D. BABA spends on average 8.9% of its total sales on R&amp;D efforts, and TCEHY on average 8.7%. Both levels are consistent with the average of other leaders in the tech space. For example, in the FAAMG group, AMZN spends about 10% of total revenues on its R&amp;D, MSFT about 13%, and AAPL about 6.1%.</p><p><img src=\"https://static.tigerbbs.com/c27d25c102407cdea27576b5ef4aa016\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p>Then the next question is, how effective is their R&amp;D’s process? The next chart shows a variation of Buffett’s $1 test applied to R&amp;D expenses for BABA and TCEHY. The analysis method is detailed in our earlier writings and in summary:</p><ul><li><i>The purpose of any corporate R&amp;D is obviously to generate profit. Therefore, this analysis quantifies the yield by taking the ratio between profit and R&amp;D expenditures. We used the operating cash flow as the measure for profit. </i></li><li><i>Also, most R&amp;D investments do not produce any result in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a 3-year average investment cycle for R&amp;D. And as a result, we used the 3-year moving average of operating cash flow to represent this 3-year cycle. </i></li></ul><p>As you can see, the R&amp;D yield for both has been remarkably consistent and also superb. In BABA’s case, its R&amp;D yield has been steady around an average of $3.31 in recent years. TCEHY’s R&amp;D yield of $3.82 is even higher than BABA&#39;s. To put things under perspective, let’s compare such levels of R&amp;D yield again to the overachieving FAAMG group, which boasts an average R&amp;D yield of around $2 to $2.5 in recent years. And in particular, BABA’s closest peer in the group, AMZN generates a yield of around $0.9 only.</p><p>Next, we will examine their profitability to fuel their R&amp;D efforts sustainably and also project their growth rates.</p><p><img src=\"https://static.tigerbbs.com/7ff7c5712303389c002f61b3d37a464f\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Both enjoy superior profitability too</h2><p>As explained in our earlier writings, to us, the most important profitability measure is ROCE (return on capital employed) because:</p><blockquote><i>ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate. Because when we think as long-term business owners, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e., </i></blockquote><blockquote><i>Long-Term Growth Rate = ROCE * Reinvestment Rate </i></blockquote><blockquote><i>In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized. </i></blockquote><p>As you can see from the chart below, both BABA and TCEHY’s ROCE were literally off the chart till about 2019. They both enjoyed a ROCE on average exceeding 150% before 2019. To put things into perspective, AMZN’s ROCE is only about 29% in recent years. And the FAAMG group’s average ROCE has been about 55% in recent years. From this perspective, this is no wonder why the Chinese government had to tighten regulations and curb their profitability in recent years. And as you can see, their profitability did suffer and declined since then. But even after the decline caused by regulations and tax rate changes, their current ROCE is still above 89% for BABA and about 154% for TCEHY.</p><p><img src=\"https://static.tigerbbs.com/d8502a3508458929a2472fd77abc865f\" tg-width=\"640\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Growth prospects and final verdict</h2><p>As such, looking forward, I see both as well-poised to sustainably fund their innovation via their organic profits. Furthermore, as mentioned above, I also see both best poised to benefit from the secular trend of e-commerce and digitalization not only in China but also globally. Currently, 80% of the commerce is still currently conducted offline and eCommerce only accounts for a total of 20% of the total. The remainder of the digital revolution will be unevenly distributed geographically and the Asia-Pacific region will be the epicenter. And leaders like BABA and TCEHY will be the best positioned to benefit as argued in my earlier article:</p><blockquote><i>… the remaining shift will be unevenly distributed and the Asian-Pacific region will be the center of the momentum. As shown in the chart above, world retail e-commerce sales are expected to exceed $7.3 trillion by 2025. The twist is that the Asia-Pacific region will be where most of the growth will be. By 2023, the Western continents will contribute 16% of the total B2B e-commerce volume, while the remaining 84% would come from the non-Western world. And leaders like BABA and TCEHY are best poised to benefit with their scale and reach, government support, cultural compatibility with other Asian-Pacific countries, and also geographic proximity.</i></blockquote><p>Finally, the following table summarizes all the key metrics discussed above. As mentioned early on, my thesis is that I don’t see why value investing would stop working here given the megatrend, their profitability, and their current valuation. To wit, their valuation is so low that they both provide a healthy owner’s earning yield (“OEY”): 5.6% for BABA and 6.3% for TCEHY at their current prices. And note here that I&#39;m using the free cash flow taken from Seeking Alpha as shown in the second chart below to approximate their owners’ earnings. As such, this is a conservative estimate for their OEY, because the true owners&#39; earnings will be free cash flow plus the growth part of their CAPEX expenses.</p><p>For growth, BABA is projected to grow at 8.9% assuming a reinvestment rate of 10% and its current ROCE of 89% (Perpetual growth rate = 89% ROCE * 10% reinvestment rate = 8.9%). And for TCEHY, the growth rate would be even higher, 15.4%, if we assume the same 10% reinvestment rate because of its higher ROCE of 154% (Perpetual growth rate = 154% ROCE * 10% reinvestment rate = 15.4%).</p><p>All told, BABA is projected to provide a 14.5% total return per year (5.6% OEY plus 8.9% growth) and TCEHY 21.7% (6.3% OEY plus 15.4% growth).</p><p><img src=\"https://static.tigerbbs.com/41f6ca4e324250c4ff76b93a032fb491\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/79b1dde89c5e7977567245d5f41c4294\" tg-width=\"640\" tg-height=\"179\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Seeking Alpha data</p><h2>Risks and final thoughts</h2><p>There are a couple of risks worth mentioning, especially in the near term. Firstly, their ROCE might shrink from the current levels either due to the slowdown of the overall Chinese economy or due to further regulatory changes. Secondly, they may not always be able to find high-margin and high-growth areas to reinvest. The above projections were made under the assumption that A) they always find new opportunities with returns matching their current ROCE, and B) the opportunities are sizable enough to absorb a 10% reinvestment rate. Although under current conditions, even if the growth rates are cut by half due to a combination of A and B, their total annual returns would still be in the double digits.</p><p>To conclude, a key disagreement between many bulls and bears surrounding BABA and TCEHY is not about their valuation or profitability. The key disagreement is simply whether value investing can work in China or not. The question is not only logical but also well supported by recent facts (say the performance of the China stock market, BABA stock prices, and TCEHY prices in the past 5 or 10 years). However, by widening the perspective, my view is that what happened to BABA and TCEHY recently is a hiccup along the way of an unstoppable secular shift from the old economy to the new economy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba And Tencent: Can Value Investing Work In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba And Tencent: Can Value Investing Work In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","00700":"腾讯控股","09988":"阿里巴巴-W","TCEHY":"腾讯控股ADR"},"source_url":"https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272048859","content_text":"ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts provide a quick summary of their key valuation and profitability metrics. I think it is reasonable to benchmark BABA against Amazon (AMZN) given that they share more similarities than differences in their business fundamentals. But it is hard to find a counterpart for Tencent: it's kind of a combination of all the FAAMG businesses.Regardless of the differences in their business details, the overall picture from these two charts is so overwhelming. With an FY1 PE in the range of 11x to 14.5x, both BABA and TCEHY are so cheaply valued both in absolute terms and relative terms compared to peers like AMZN or the overall market. Yet, their profitability rivals the best of the stocks in the market. As to be elaborated on later, their ROCE (return on capital employed) is more than 2x higher than the average of the FAAMG group (around 55%), and their R&D yield is almost 2x higher than the FAAMG group.Source: Author based on Seeking Alpha dataSource: Seeking Alpha dataBased on our discussions with SA readers and other investors lately, the key issue where many bulls and bears disagree is simply this: can value investing work in China? It is a fair and completely logical question. The fact that we can admit they are value stocks does not mean they are good investments, because value investing may not work in China.Besides being logical, the question is also well supported by facts. And the chart below provides an example. The chart compares the price returns, i.e. with dividends excluded, from the SSE Composite Index (000001.SS) in the past 5 years against those from the S&P 500. As seen, the SSE Composite Index lost a total of 9.09% while the S&P 500 gained a total of 47.62%. Changing the timeframe does not seem to change the picture too much. For example, when we extend the timeframe to the past 10 years, the SSE Composite Index gained a total of 42.4% - which seems like good news. But the S&P 500 gained more than 169%. So the relative lag is even wider.In the remainder of this article, I will provide my two cents on this debate. Also, my opinion is that I don’t see any reason why value investing should not work in China. In my mind, the idea of paying less to buy more is so universal and timeless that I do not see why it would stop working, as to be elaborated on next.Source: Yahoo dataHistorical perspectiveFirst, let me provide a piece of counter-evidence to the chart above by going back further in history. The chart below was taken from a lecture Li Lu gave in 2015. Readers unfamiliar with Li Lu can take a look at our recent article and I highly encourage you to read the transcript of this lecture in its entirety.The chart compares the performance of China's stock markets versus the U.S. between 1992 and 2015. As seen, the Shanghai Stock Exchange indexes have grown 1406% during this time at an IRR of 12.1%. And the Shenzhen indexes have grown even more, 1864%, during this time at an IRR of 13.4%. Both growths have far outpaced all the major U.S. indexes. To wit, the Shanghai Stock Exchange indexes’ 1406% growth outpaced the S&P 500 by 2.12x, the DOW Jones by 1.73x, and the NASDAQ 100 index by 1.63x.It is true that in the past decade, returns from the China stock markets have lagged the U.S. substantially. But bear in mind that A) the U.S. stock markets have suffered its “lost decades” too multiple times in the past; and B) like all performance comparisons, the conclusion often changes when the timeframe changes.Next, we will see if history can offer some insights into the future.Source: Li Lu 2015 lectureWhich direction would China stocks go next?After the above macro-level view, now let’s descend and look at the specific stocks. The top panel of the following chart shows the best-performing U.S. stocks since their IPO. And you see all the familiar names on this list. And you cannot help but notice that this list is dominated by “old economy” stocks such as insurance conglomerates such as Berkshire (BRK.A) (BRK.B) and Aflac (AFL), chain retailers such as Home Depot (HD) and Walmart (WMT), and consumer staples like V.F. Corp. (VFC) and Altria (MO). The picture is very similar if you make a list of the best-performing China stocks since their IPO on the Shanghai or Shenzhen stock exchanges. The list is also dominated by “old economy” stocks like China Vanke (OTCPK:CHVKF) (OTCPK:CHVKY) (real estate), Gree Electronics (home appliances), Yunnan Biaoyao Medicinal (Healthcare), Kweichow Moutai (liquor), et al.The bottom panel of the following chart shows the best-performing stocks by IRR. And now you see the pictures change in two dramatic ways. First, the list is dominated by “new economy” stocks that went IPO primarily around ~2000 such as Baidu (BIDU), Netflix (NFLX), Amazon (AMZN), Ctrip (TCOM), and Salesforce (CRM). And secondly, you see that quite a few Chinese companies listed in the U.S. stock market have made the top 10 list such as Baidu and Ctrip.Such a historical perspective leads me to the following recognition about BABA and TCEHY: what has happened to them so far is a hiccup along the way an unstoppable secular shift from the old economy to the new economy. The shift is equally unstoppable in both the U.S. and China. And I won’t be surprised to see BABA and TCEHY appearing on the list when we update it 10 years from now.Next, I will provide a few business specifics about BABA and TCEHY to support my above view.Source: Li Lu 2015 lectureBoth R&D aggressively and enjoy superb yieldAs mentioned in our earlier writings, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we are more focused on A) the recurring resources available to fund new R&D efforts sustainably, and B) the overall efficiency of the R&D PROCESS. So let’s first see how well and sustainably BABA and TCEHY can fund their new R&D efforts. The short answer is: extremely well. The next chart shows the R&D expenses of BABA and TCEHY over the past decade. As seen, both have been consistently investing heavily in R&D. BABA spends on average 8.9% of its total sales on R&D efforts, and TCEHY on average 8.7%. Both levels are consistent with the average of other leaders in the tech space. For example, in the FAAMG group, AMZN spends about 10% of total revenues on its R&D, MSFT about 13%, and AAPL about 6.1%.Source: Author based on Seeking Alpha dataThen the next question is, how effective is their R&D’s process? The next chart shows a variation of Buffett’s $1 test applied to R&D expenses for BABA and TCEHY. The analysis method is detailed in our earlier writings and in summary:The purpose of any corporate R&D is obviously to generate profit. Therefore, this analysis quantifies the yield by taking the ratio between profit and R&D expenditures. We used the operating cash flow as the measure for profit. Also, most R&D investments do not produce any result in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a 3-year average investment cycle for R&D. And as a result, we used the 3-year moving average of operating cash flow to represent this 3-year cycle. As you can see, the R&D yield for both has been remarkably consistent and also superb. In BABA’s case, its R&D yield has been steady around an average of $3.31 in recent years. TCEHY’s R&D yield of $3.82 is even higher than BABA's. To put things under perspective, let’s compare such levels of R&D yield again to the overachieving FAAMG group, which boasts an average R&D yield of around $2 to $2.5 in recent years. And in particular, BABA’s closest peer in the group, AMZN generates a yield of around $0.9 only.Next, we will examine their profitability to fuel their R&D efforts sustainably and also project their growth rates.Source: Author based on Seeking Alpha dataBoth enjoy superior profitability tooAs explained in our earlier writings, to us, the most important profitability measure is ROCE (return on capital employed) because:ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate. Because when we think as long-term business owners, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e., Long-Term Growth Rate = ROCE * Reinvestment Rate In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized. As you can see from the chart below, both BABA and TCEHY’s ROCE were literally off the chart till about 2019. They both enjoyed a ROCE on average exceeding 150% before 2019. To put things into perspective, AMZN’s ROCE is only about 29% in recent years. And the FAAMG group’s average ROCE has been about 55% in recent years. From this perspective, this is no wonder why the Chinese government had to tighten regulations and curb their profitability in recent years. And as you can see, their profitability did suffer and declined since then. But even after the decline caused by regulations and tax rate changes, their current ROCE is still above 89% for BABA and about 154% for TCEHY.Source: Author based on Seeking Alpha dataGrowth prospects and final verdictAs such, looking forward, I see both as well-poised to sustainably fund their innovation via their organic profits. Furthermore, as mentioned above, I also see both best poised to benefit from the secular trend of e-commerce and digitalization not only in China but also globally. Currently, 80% of the commerce is still currently conducted offline and eCommerce only accounts for a total of 20% of the total. The remainder of the digital revolution will be unevenly distributed geographically and the Asia-Pacific region will be the epicenter. And leaders like BABA and TCEHY will be the best positioned to benefit as argued in my earlier article:… the remaining shift will be unevenly distributed and the Asian-Pacific region will be the center of the momentum. As shown in the chart above, world retail e-commerce sales are expected to exceed $7.3 trillion by 2025. The twist is that the Asia-Pacific region will be where most of the growth will be. By 2023, the Western continents will contribute 16% of the total B2B e-commerce volume, while the remaining 84% would come from the non-Western world. And leaders like BABA and TCEHY are best poised to benefit with their scale and reach, government support, cultural compatibility with other Asian-Pacific countries, and also geographic proximity.Finally, the following table summarizes all the key metrics discussed above. As mentioned early on, my thesis is that I don’t see why value investing would stop working here given the megatrend, their profitability, and their current valuation. To wit, their valuation is so low that they both provide a healthy owner’s earning yield (“OEY”): 5.6% for BABA and 6.3% for TCEHY at their current prices. And note here that I'm using the free cash flow taken from Seeking Alpha as shown in the second chart below to approximate their owners’ earnings. As such, this is a conservative estimate for their OEY, because the true owners' earnings will be free cash flow plus the growth part of their CAPEX expenses.For growth, BABA is projected to grow at 8.9% assuming a reinvestment rate of 10% and its current ROCE of 89% (Perpetual growth rate = 89% ROCE * 10% reinvestment rate = 8.9%). And for TCEHY, the growth rate would be even higher, 15.4%, if we assume the same 10% reinvestment rate because of its higher ROCE of 154% (Perpetual growth rate = 154% ROCE * 10% reinvestment rate = 15.4%).All told, BABA is projected to provide a 14.5% total return per year (5.6% OEY plus 8.9% growth) and TCEHY 21.7% (6.3% OEY plus 15.4% growth).Source: Author based on Seeking Alpha dataSource: Seeking Alpha dataRisks and final thoughtsThere are a couple of risks worth mentioning, especially in the near term. Firstly, their ROCE might shrink from the current levels either due to the slowdown of the overall Chinese economy or due to further regulatory changes. Secondly, they may not always be able to find high-margin and high-growth areas to reinvest. The above projections were made under the assumption that A) they always find new opportunities with returns matching their current ROCE, and B) the opportunities are sizable enough to absorb a 10% reinvestment rate. Although under current conditions, even if the growth rates are cut by half due to a combination of A and B, their total annual returns would still be in the double digits.To conclude, a key disagreement between many bulls and bears surrounding BABA and TCEHY is not about their valuation or profitability. The key disagreement is simply whether value investing can work in China or not. The question is not only logical but also well supported by recent facts (say the performance of the China stock market, BABA stock prices, and TCEHY prices in the past 5 or 10 years). However, by widening the perspective, my view is that what happened to BABA and TCEHY recently is a hiccup along the way of an unstoppable secular shift from the old economy to the new economy.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9,"TCEHY":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":3147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919314649,"gmtCreate":1663728716181,"gmtModify":1676537325070,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Good for growt. Now another reason to buy Msft&nbsp;","listText":"Good for growt. Now another reason to buy Msft&nbsp;","text":"Good for growt. Now another reason to buy Msft","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919314649","repostId":"1147192780","repostType":4,"repost":{"id":"1147192780","kind":"news","pubTimestamp":1663725409,"share":"https://ttm.financial/m/news/1147192780?lang=en_US&edition=fundamental","pubTime":"2022-09-21 09:56","market":"us","language":"en","title":"Microsoft Just Hiked Its Dividend. Who's Next?","url":"https://stock-news.laohu8.com/highlight/detail?id=1147192780","media":"Motley Fool","summary":"KEY POINTSStock markets fell sharply on Tuesday amid fears of Fed tightening.Microsoft increased its","content":"<div>\n<p>KEY POINTSStock markets fell sharply on Tuesday amid fears of Fed tightening.Microsoft increased its quarterly dividend.Investors can look to Emerson Electric, McDonald's, and ExxonMobil for likely ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/20/microsoft-just-hiked-its-dividend-whos-next/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Just Hiked Its Dividend. Who's Next?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Just Hiked Its Dividend. Who's Next?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-21 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/20/microsoft-just-hiked-its-dividend-whos-next/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSStock markets fell sharply on Tuesday amid fears of Fed tightening.Microsoft increased its quarterly dividend.Investors can look to Emerson Electric, McDonald's, and ExxonMobil for likely ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/20/microsoft-just-hiked-its-dividend-whos-next/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.fool.com/investing/2022/09/20/microsoft-just-hiked-its-dividend-whos-next/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147192780","content_text":"KEY POINTSStock markets fell sharply on Tuesday amid fears of Fed tightening.Microsoft increased its quarterly dividend.Investors can look to Emerson Electric, McDonald's, and ExxonMobil for likely dividend increases in the near future, based on past experience.A few candidates typically announce payout increases this time of year.The stock market suffered a setback on Tuesday, giving back gains from Monday's session amid renewed fears about what the Federal Reserve might do when it concludes its two-day monetary policy meeting on Wednesday. Losses for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite amounted to roughly 1%, with small-cap stocks taking relatively larger hits than their large-cap counterparts.As the stock market becomes more volatile, investors are increasingly appreciating companies that reward them with predictable and growing streams of dividend income. Today, Microsoft (MSFT -0.85%) announced that it would boost its quarterly payout to shareholders. The tech giant pays a relatively modest yield, but some other dividend-stock stalwarts are also in line to pay more to their investors in the near future. Read on to learn more about Microsoft as well as three other companies that could give similar rewards to shareholders soon.A higher payout for MicrosoftMicrosoft stock didn't do all that well on Tuesday, losing almost 1% in the regular trading session. However, long-term investors will get a little bit more from  the software giant in the form of higher dividend checks.Microsoft's board of directors declared a quarterly dividend of $0.68 per share. Shareholders of record as of Nov. 17 will receive the higher payout, which will show up in investors' accounts on Dec. 8. The payout is $0.06 higher than the previous $0.62 per-share quarterly dividend.With a dividend yield of only about 1%, most investors don't think much about Microsoft as a dividend stock. Yet the company has developed a solid track record of boosting dividend payouts over time, with the latest move making 2022 the 20th straight year in which Microsoft has paid more in annual dividends than in the previous year.These companies could be nextMany companies have even longer track records than Microsoft in paying higher dividends. For instance, the following three companies typically announce their dividend increases around this time of year:Emerson Electric  has an impressive 65-year track record of paying higher dividends to its shareholders. The company's most recent increase came last November when it announced a 2% boost to $0.515 per share on a quarterly basis.Fast-food giant McDonald's $(MCD)$ made a larger payout boost late last year, increasing quarterly dividends by $0.09 to $1.38 per share. The Golden Arches chain has a 47-year streak of paying higher dividends for long-term shareholders.ExxonMobil  has a 40-year dividend-increase streak on the line as it enters the final months of the year. Last year's most recent payout boost added just a single penny to the quarterly payout, with shareholders receiving $0.88 per share each quarter.There's no guarantee that these companies will follow through with dividend increases. Every year, there are often at least a few long-paying dividend stocks that have to make payout cuts or even suspend their payouts temporarily.However, all three of these blue-chip stocks have strong businesses underlying them, and they've had the ability to weather difficult economic times in the past and still give their shareholders higher payouts over time. At a time when many investors are feeling increasingly uncomfortable with how much the prices of their stocks have fallen, the extra confidence of knowing that they can receive a quarterly check from these companies is especially valuable.","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":2685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937358134,"gmtCreate":1663373947928,"gmtModify":1676537260129,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Interesting. question is who has the stomachand nerves of steel to hold till the New highs&nbsp;","listText":"Interesting. question is who has the stomachand nerves of steel to hold till the New highs&nbsp;","text":"Interesting. question is who has the stomachand nerves of steel to hold till the New highs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937358134","repostId":"1193038112","repostType":4,"repost":{"id":"1193038112","kind":"news","pubTimestamp":1663373059,"share":"https://ttm.financial/m/news/1193038112?lang=en_US&edition=fundamental","pubTime":"2022-09-17 08:04","market":"us","language":"en","title":"Dare To Dream: Can QQQ Make New All-Time Highs In 2023?","url":"https://stock-news.laohu8.com/highlight/detail?id=1193038112","media":"Seeking Alpha","summary":"SummaryYou may have noticed that sentiment is dour at present. And when we say dour, we mean miserab","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>You may have noticed that sentiment is dour at present. And when we say dour, we mean miserable. Utterly despondent, in fact.</li><li>We don&#39;t share this view at all. We believe that securities prices run to their own tune, usually ahead of rather than in response to the news.</li><li>And we think the June low in the QQQ was the low, which means we think QQQ can make a new high in 2023.</li><li>We explain all below and lay out price targets, together with stop-loss levels just in case this idea does prove as nuts as it sounds.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ffbc2edd68801fb0645bd8cc8e54714\" tg-width=\"1080\" tg-height=\"497\" width=\"100%\" height=\"auto\"/><span>AntonioSolano/iStock via Getty Images</span></p><p><b>Voodoo Nonsense - Ignore!</b></p><p>Technical analysis is like democracy. It&#39;s the worst tool anyone can think of for the job, except for all the other tools that anyone has yet thought of. Let&#39;s take the Nasdaq-100 index, in its QQQ ETF format. If you could construct any coherent narrative as to why the ETF fell to the level it did in the COVID crisis, ran up to the level it did in 2021, and then corrected to the level it has in 2022, we&#39;re all ears. We don&#39;t mean &#34;why did it sell off hard into COVID&#34; or &#34;why did it turn weak come 2022?&#34; We mean, why did it find support and resistance at those specific levels?</p><p>If you use fairly standard Elliott Wave and Fibonacci measures, the QQQ confirms almost perfectly to textbook levels since the 2018 lows. And because the pattern fits so well, in the larger and smaller degree, one has to ask oneself... are the Doom-Mongers of Fin Twit really correct that it&#39;s all going to zero?</p><p>Let&#39;s first of all take a look at the move from the Q4 2018 lows to the Q4 2021 highs. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c9120d3593db409e5b620370d28decd\" tg-width=\"640\" tg-height=\"297\" width=\"100%\" height=\"auto\"/><span>QQQ Chart (TrendSpider, Cestrian Analysis)</span></p><p>The first thing to note is the start point. Right at the end of Q4 2018 the Fed had tried to normalize monetary policy by raising rates and planning to shrink, not grow, the size of its balance sheet. This caused a market tantrum such that most all of 2018&#39;s gains in the S&amp;P or the Nasdaq were wiped out. The bottom came in right at the end of the year. We can call that Point Zero.</p><p>QQQ then rose in a Wave 1 up, peaking at around $237 in February 2020, a fairly quick gain of 65% in the prior fourteen months or so. The chat at the time was that this was nuts and couldn&#39;t last.</p><p>Yikes, Freak Out!!</p><p>Now a very interesting thing happens. COVID hits and naturally enough the world freaks out as do investors. Rather surprisingly however, it turns out one can model a &#34;yikes freak out&#34; reaction in the market. &#34;Yikes freak out&#34; usually means a Wave 2 down, a fast and deep drop. And very often a Wave 2 down finds support at the 61.8% or 78.6% retracement of the prior Wave 1 up. The Covid lows in the QQQ were<i>precisely</i>a 78.6% drop from the Wave 1 highs back towards Point Zero. Likely not a coincidence.</p><p><b>Now The Long Road To Happiness</b></p><p>After a &#34;Yikes Freak Out&#34; Wave 2 comes a Wave 3 which are typically powerful upward moves. Which is what happens to the Qs coming out of COVID. You know all the reasons <i>why</i> it is said this happens - Fed helicopter money, crypto bros, work from home tech refresh cycle, all that - but put that aside for a moment because, really, who cares <i>why</i> it happened. Let&#39;s <i>measure</i> what happened. The chart above shows this. Wave 3s typically terminate at a minimum of the 100% extension of the prior Wave 1, and more commonly the 161.8% extension. More bullish levels are the 261.8%, 361.8%, and so on. (By the way, if Fibonacci extensions are new to you, fear not. Whilst the theory behind<i>why</i>Fibonacci numbers matter is complicated, the math involved in calculating how they apply to stock prices is not. The 161.8% extension of Wave 1 is calculated thus: take the stock price movement in Wave 1, multiply it by 1.618, and add that to the stock price at the Wave 2 low, hey presto, that&#39;s the 161.8% extension of Wave 1). Anyway. You can see that at the most recent all-time high, QQQ hit the 261.8% (=2.618) extension of Wave 1 almost to the dollar. Again, probably not a coincidence.</p><p><b>Then Comes Boiling The Frog</b></p><p>2022 comes and here we go with a Wave 4 down. Psychologically, emotionally, and potentially financially, Wave 4s are tough. Most people have become accustomed to the occasional shock and awe flash crash Wave 2. The panic is over as soon as it began. Also due to the mass psychology involved, which usually translates as<i>someone has to do something</i>, very often, someone does in fact do something - COVID stimulus being a prime example. But in a slow-boil Wave 4, the panic never really rises. Instead it&#39;s a stages-of-grief thing where if you&#39;re not careful you end up accepting and moving on. Which means you toss your account overboard and start a new day. Except you don&#39;t, because that&#39;s usually when the market rebounds and then you are too stunned to do anything about it, fearful that you will just buy into the next leg down. Actually the first half of 2022 saw Big Money do a fine job of work in this regard. If you look at how one measure of volatility, the Vix index, has moved vs. the panics of 2020 and indeed the Fed-tightening fear in 2018, it has barely moved at all - just traded sideways in a channel.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae14b1ca4f0561e9aa095aa32de983e2\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"/><span>Vix Chart (TradingView, Cestrian &#34;Analysis&#34;)</span></p><p>There are many reasons for this but chief amongst them has been the institutional use of out-of-the-money index puts that have been rolled out and down through the first half, slow and steady, no freaking out, just dragging down the indices and their proxy ETFs as market makers have had to sell those indices in order to hedge their positions (having sold puts to institutions, market makers are then long the market, so have to sell underlying securities in order to get back to neutral).</p><p>And this wave 4 right here is what has caused the it&#39;s-all-over mentality to take hold, in our view.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/52a7ab589c32698e50b1eb8755902c70\" tg-width=\"640\" tg-height=\"302\" width=\"100%\" height=\"auto\"/><span>QQQ Chart (TrendSpider, Cestrian Analysis)</span></p><p>It&#39;s been a deeper-than-expected correction for sure. With a 78.6% retraced Wave 2 you might normally expect a 38.2% retraced Wave 4 - that&#39;s based on nothing other than pattern recognition. The 38.2% retracement of Wave 3 was $315, which is where the QQQ set up camp for a while in February this year, before head-faking to the upside then digging for victory once more. Thus far the Wave 4 looks to have bottomed in June, between the 50% and 61.8% retracements of Wave 3.</p><p><b>Wait, Isn&#39;t This A Bullish Article?</b></p><p>So, the title of this article is, &#34;Dare To Dream&#34;. Looks more like a nightmare for 2022. Or does it? Let&#39;s zoom in to see what has happened since those June lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/941554bdc300eb4dad173f18f77aeafc\" tg-width=\"640\" tg-height=\"299\" width=\"100%\" height=\"auto\"/><span>QQQ Chart (TrendSpider, Cestrian Analysis)</span></p><p>The waves &amp; Fibonacci approach works in smaller and larger degrees. One cannot say that it&#39;s truly fractal in nature, as is often claimed, since there&#39;s no perfectly-repeating pattern in smaller and smaller degrees, but we can say that because the extensions and retracements are merely emotional and/or algorithmic reactions to the most recent price movements, they are self-referential in nature and that is why they scale up and down - because a larger degree move is relative to an earlier larger degree move, and a smaller degree move is relative to an earlier smaller degree move.</p><p>Look at the 5-waves up from the June lows. The Fib levels work nicely - a 78.6% retrace Wave ii, a 223.6% Wave iii extension of Wave i, and we&#39;ll see what happens with September options expiry (that&#39;s today at the time of writing) does to the Wave iv. But so far there is every chance we then get a smaller degree Wave v up (once September opex is done, a wall of puts will expire and market-maker short hedges will need to be covered, which can drive a move upwards).</p><p>And if that Wave v happens, and for it to be a Wave v it must peak above the Wave iii high - then that&#39;s ongoing confirmation that the June lows were the lows. We aren&#39;t there yet. We need to see that Wave v exceed QQQ $335ish. But if we do? Well, if that Wave v does arrive, the bear argument - that we&#39;re in a downwards channel that started last November and has featured only countertrend rallies since then - starts to look a lot weaker. Not necessarily wrong, anything can change, but weaker.</p><p>Then the outlook can be like ... this. A final flourish in the larger degree to complete a 5-wave cycle up off of those 2018 lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/915355750cdd99c2cfca3f27e8bcdada\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"/><span>QQQ Chart (TrendSpider, Cestrian Analysis)</span></p><p>Now, we don&#39;t think this is a Wen Moon situation. We can make a technical argument that QQQ will peak in a Wave 5 in the 500s, 550s even, and maybe it will. But for the record and until facts disturb our opinion, we think that QQQ will make a new high in 2023, maybe early 2024. And then put in a Yikes Wave 2 in the even-larger-degree. Because those 1, 2, 3, 4, 5 waves up you see from 2018 to (maybe) 2023-4? They combine to form probably a Wave 1 up. Which means a Yikes Wave 2 next. Or, maybe they combine to form a Wave 3 up. In which case it&#39;s a Doom N Gloom Forever Wave 4 next. Either way, down. In our<i>Growth Investor Pro</i>service we lean bullish right now but much of our work positioning for possible upside ahead is done - we have our stocks and ETFs set up with stop ideas and accumulation price zones and price targets and all that. More of our time right now is being spent on ... how do we make big from the move down that comes after the next high. And for that? Stay tuned.</p><p>Oh and by the way. Want to play QQQ to the long side? Consider this approach.</p><p>1 - Wait to see if QQQ moves up above $288, which is the 0.786 retrace of the smaller-degree Wave iv above.</p><p>2 - If no, wait. (This is like one of those early multi-user dungeon games. &#34;Time passes ....&#34;)</p><p>3 - If yes, consider buying with a stop-loss a little below that $288 level ... $270-274 makes sense as it&#39;s below the Wave ii low so if it gets there, something has gone wrong.</p><p>4 - Consider accumulating a position in the range of $290-$300, slowly over time, buying on red days not green days.</p><p>5 - Consider holding to see if we can make it to $335 - the potential Wave v high. That&#39;s &gt;10% free money if so. At which point you can set a trailing stop or move your stops up or similar and then just decide how much of an ulcer you want to develop whilst waiting to see if QQQ can indeed beat the 2021 high.</p><p>Good luck to all!</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dare To Dream: Can QQQ Make New All-Time Highs In 2023?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDare To Dream: Can QQQ Make New All-Time Highs In 2023?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-17 08:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541458-can-qqq-make-new-all-time-highs-in-2023><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryYou may have noticed that sentiment is dour at present. And when we say dour, we mean miserable. Utterly despondent, in fact.We don't share this view at all. We believe that securities prices ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541458-can-qqq-make-new-all-time-highs-in-2023\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF"},"source_url":"https://seekingalpha.com/article/4541458-can-qqq-make-new-all-time-highs-in-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193038112","content_text":"SummaryYou may have noticed that sentiment is dour at present. And when we say dour, we mean miserable. Utterly despondent, in fact.We don't share this view at all. We believe that securities prices run to their own tune, usually ahead of rather than in response to the news.And we think the June low in the QQQ was the low, which means we think QQQ can make a new high in 2023.We explain all below and lay out price targets, together with stop-loss levels just in case this idea does prove as nuts as it sounds.AntonioSolano/iStock via Getty ImagesVoodoo Nonsense - Ignore!Technical analysis is like democracy. It's the worst tool anyone can think of for the job, except for all the other tools that anyone has yet thought of. Let's take the Nasdaq-100 index, in its QQQ ETF format. If you could construct any coherent narrative as to why the ETF fell to the level it did in the COVID crisis, ran up to the level it did in 2021, and then corrected to the level it has in 2022, we're all ears. We don't mean \"why did it sell off hard into COVID\" or \"why did it turn weak come 2022?\" We mean, why did it find support and resistance at those specific levels?If you use fairly standard Elliott Wave and Fibonacci measures, the QQQ confirms almost perfectly to textbook levels since the 2018 lows. And because the pattern fits so well, in the larger and smaller degree, one has to ask oneself... are the Doom-Mongers of Fin Twit really correct that it's all going to zero?Let's first of all take a look at the move from the Q4 2018 lows to the Q4 2021 highs. QQQ Chart (TrendSpider, Cestrian Analysis)The first thing to note is the start point. Right at the end of Q4 2018 the Fed had tried to normalize monetary policy by raising rates and planning to shrink, not grow, the size of its balance sheet. This caused a market tantrum such that most all of 2018's gains in the S&P or the Nasdaq were wiped out. The bottom came in right at the end of the year. We can call that Point Zero.QQQ then rose in a Wave 1 up, peaking at around $237 in February 2020, a fairly quick gain of 65% in the prior fourteen months or so. The chat at the time was that this was nuts and couldn't last.Yikes, Freak Out!!Now a very interesting thing happens. COVID hits and naturally enough the world freaks out as do investors. Rather surprisingly however, it turns out one can model a \"yikes freak out\" reaction in the market. \"Yikes freak out\" usually means a Wave 2 down, a fast and deep drop. And very often a Wave 2 down finds support at the 61.8% or 78.6% retracement of the prior Wave 1 up. The Covid lows in the QQQ werepreciselya 78.6% drop from the Wave 1 highs back towards Point Zero. Likely not a coincidence.Now The Long Road To HappinessAfter a \"Yikes Freak Out\" Wave 2 comes a Wave 3 which are typically powerful upward moves. Which is what happens to the Qs coming out of COVID. You know all the reasons why it is said this happens - Fed helicopter money, crypto bros, work from home tech refresh cycle, all that - but put that aside for a moment because, really, who cares why it happened. Let's measure what happened. The chart above shows this. Wave 3s typically terminate at a minimum of the 100% extension of the prior Wave 1, and more commonly the 161.8% extension. More bullish levels are the 261.8%, 361.8%, and so on. (By the way, if Fibonacci extensions are new to you, fear not. Whilst the theory behindwhyFibonacci numbers matter is complicated, the math involved in calculating how they apply to stock prices is not. The 161.8% extension of Wave 1 is calculated thus: take the stock price movement in Wave 1, multiply it by 1.618, and add that to the stock price at the Wave 2 low, hey presto, that's the 161.8% extension of Wave 1). Anyway. You can see that at the most recent all-time high, QQQ hit the 261.8% (=2.618) extension of Wave 1 almost to the dollar. Again, probably not a coincidence.Then Comes Boiling The Frog2022 comes and here we go with a Wave 4 down. Psychologically, emotionally, and potentially financially, Wave 4s are tough. Most people have become accustomed to the occasional shock and awe flash crash Wave 2. The panic is over as soon as it began. Also due to the mass psychology involved, which usually translates assomeone has to do something, very often, someone does in fact do something - COVID stimulus being a prime example. But in a slow-boil Wave 4, the panic never really rises. Instead it's a stages-of-grief thing where if you're not careful you end up accepting and moving on. Which means you toss your account overboard and start a new day. Except you don't, because that's usually when the market rebounds and then you are too stunned to do anything about it, fearful that you will just buy into the next leg down. Actually the first half of 2022 saw Big Money do a fine job of work in this regard. If you look at how one measure of volatility, the Vix index, has moved vs. the panics of 2020 and indeed the Fed-tightening fear in 2018, it has barely moved at all - just traded sideways in a channel.Vix Chart (TradingView, Cestrian \"Analysis\")There are many reasons for this but chief amongst them has been the institutional use of out-of-the-money index puts that have been rolled out and down through the first half, slow and steady, no freaking out, just dragging down the indices and their proxy ETFs as market makers have had to sell those indices in order to hedge their positions (having sold puts to institutions, market makers are then long the market, so have to sell underlying securities in order to get back to neutral).And this wave 4 right here is what has caused the it's-all-over mentality to take hold, in our view.QQQ Chart (TrendSpider, Cestrian Analysis)It's been a deeper-than-expected correction for sure. With a 78.6% retraced Wave 2 you might normally expect a 38.2% retraced Wave 4 - that's based on nothing other than pattern recognition. The 38.2% retracement of Wave 3 was $315, which is where the QQQ set up camp for a while in February this year, before head-faking to the upside then digging for victory once more. Thus far the Wave 4 looks to have bottomed in June, between the 50% and 61.8% retracements of Wave 3.Wait, Isn't This A Bullish Article?So, the title of this article is, \"Dare To Dream\". Looks more like a nightmare for 2022. Or does it? Let's zoom in to see what has happened since those June lows.QQQ Chart (TrendSpider, Cestrian Analysis)The waves & Fibonacci approach works in smaller and larger degrees. One cannot say that it's truly fractal in nature, as is often claimed, since there's no perfectly-repeating pattern in smaller and smaller degrees, but we can say that because the extensions and retracements are merely emotional and/or algorithmic reactions to the most recent price movements, they are self-referential in nature and that is why they scale up and down - because a larger degree move is relative to an earlier larger degree move, and a smaller degree move is relative to an earlier smaller degree move.Look at the 5-waves up from the June lows. The Fib levels work nicely - a 78.6% retrace Wave ii, a 223.6% Wave iii extension of Wave i, and we'll see what happens with September options expiry (that's today at the time of writing) does to the Wave iv. But so far there is every chance we then get a smaller degree Wave v up (once September opex is done, a wall of puts will expire and market-maker short hedges will need to be covered, which can drive a move upwards).And if that Wave v happens, and for it to be a Wave v it must peak above the Wave iii high - then that's ongoing confirmation that the June lows were the lows. We aren't there yet. We need to see that Wave v exceed QQQ $335ish. But if we do? Well, if that Wave v does arrive, the bear argument - that we're in a downwards channel that started last November and has featured only countertrend rallies since then - starts to look a lot weaker. Not necessarily wrong, anything can change, but weaker.Then the outlook can be like ... this. A final flourish in the larger degree to complete a 5-wave cycle up off of those 2018 lows.QQQ Chart (TrendSpider, Cestrian Analysis)Now, we don't think this is a Wen Moon situation. We can make a technical argument that QQQ will peak in a Wave 5 in the 500s, 550s even, and maybe it will. But for the record and until facts disturb our opinion, we think that QQQ will make a new high in 2023, maybe early 2024. And then put in a Yikes Wave 2 in the even-larger-degree. Because those 1, 2, 3, 4, 5 waves up you see from 2018 to (maybe) 2023-4? They combine to form probably a Wave 1 up. Which means a Yikes Wave 2 next. Or, maybe they combine to form a Wave 3 up. In which case it's a Doom N Gloom Forever Wave 4 next. Either way, down. In ourGrowth Investor Proservice we lean bullish right now but much of our work positioning for possible upside ahead is done - we have our stocks and ETFs set up with stop ideas and accumulation price zones and price targets and all that. More of our time right now is being spent on ... how do we make big from the move down that comes after the next high. And for that? Stay tuned.Oh and by the way. Want to play QQQ to the long side? Consider this approach.1 - Wait to see if QQQ moves up above $288, which is the 0.786 retrace of the smaller-degree Wave iv above.2 - If no, wait. (This is like one of those early multi-user dungeon games. \"Time passes ....\")3 - If yes, consider buying with a stop-loss a little below that $288 level ... $270-274 makes sense as it's below the Wave ii low so if it gets there, something has gone wrong.4 - Consider accumulating a position in the range of $290-$300, slowly over time, buying on red days not green days.5 - Consider holding to see if we can make it to $335 - the potential Wave v high. That's >10% free money if so. At which point you can set a trailing stop or move your stops up or similar and then just decide how much of an ulcer you want to develop whilst waiting to see if QQQ can indeed beat the 2021 high.Good luck to all!","news_type":1,"symbols_score_info":{".IXIC":0.9,"QQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932757978,"gmtCreate":1662996412094,"gmtModify":1676537179301,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Absolutely true. But it's not new. People are aware but we still social media troll&nbsp;","listText":"Absolutely true. But it's not new. People are aware but we still social media troll&nbsp;","text":"Absolutely true. But it's not new. People are aware but we still social media troll","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932757978","repostId":"2266139430","repostType":4,"isVote":1,"tweetType":1,"viewCount":2413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936382182,"gmtCreate":1662706708547,"gmtModify":1676537124050,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Did these same billionaires sell?&nbsp;","listText":"Did these same billionaires sell?&nbsp;","text":"Did these same billionaires sell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9936382182","repostId":"2265894852","repostType":4,"repost":{"id":"2265894852","kind":"highlight","pubTimestamp":1662675844,"share":"https://ttm.financial/m/news/2265894852?lang=en_US&edition=fundamental","pubTime":"2022-09-09 06:24","market":"us","language":"en","title":"4 Next-Generation Tech Stocks Billionaires Can't Stop Buying","url":"https://stock-news.laohu8.com/highlight/detail?id=2265894852","media":"Motley Fool","summary":"Wall Street's most successful money managers have used the bear market decline to pile into cutting-edge stocks.","content":"<div>\n<p>There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Next-Generation Tech Stocks Billionaires Can't Stop Buying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Next-Generation Tech Stocks Billionaires Can't Stop Buying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-09 06:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake","PLTR":"Palantir Technologies Inc.","CRWD":"CrowdStrike Holdings, Inc.","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265894852","content_text":"There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine war), pushed both the broad-based S&P 500 and technology-centric Nasdaq Composite firmly into a bear market.However, you wouldn't know the stock market is suffering through one of its worst years in decades by the actions of Wall Street's most-successful investors. Instead of retreating to the sideline, billionaire money managers have been actively buying stocks as the market dips. In particular, billionaires have really taken a liking to tech stocks focused on forward-looking innovation.What follows are four next-generation tech stocks billionaires simply can't stop buying.Image source: Getty Images.Upstart HoldingsThe first innovative powerhouse that at least one billionaire money manager can't stop purchasing is cloud-based lending platform Upstart Holdings. During the second quarter, billionaire Philippe Laffont of Coatue Management acquired roughly 2.36 million shares.What puts Upstart on the leading edge of its industry is its use of artificial intelligence (AI) to vet loan applications. Rather than rely on the traditional (and slow) loan-vetting process, Upstart leans on predictive technologies and previously vetted loan data to approve and fully automate nearly three-quarters of all loans its processes.  This saves the six dozen financial institutions Upstart has partnered with time and money.However, what stands out even more about Upstart is the broader pool of applicants being approved. The typical loan applicant to gain approval with Upstart has a lower average credit score than the those approved with the traditional vetting process. Yet, delinquency rates between Upstart's AI-based process and the traditional vetting process have been similar. The implication here is that Upstart can expand the potential pool of borrowers for banks and credit unions without adversely impacting their credit-risk profile.Laffont is likely also encouraged by Upstart's push into new verticals. Whereas it's spent years processing personal loan applications, it's begun handling auto loan and small business loan originations. On a combined basis, auto and small business loans are more than 10X the market size of personal loan originations.SnowflakeThe second next-generation tech stock billionaires can't seem to get enough of is cloud data-warehousing company Snowflake. The June-ended quarter saw billionaire Jim Simons of Renaissance Technologies add more than 1.25 million shares to his fund's existing position (which now stands at more than 2 million shares).The answer to \"Why Snowflake?\" can be explained by the company's unique operating model. For instance, in the wake of the COVID-19 pandemic, businesses are shifting data into the cloud at an accelerated rate. However, sharing that data across competing cloud infrastructure platforms can be challenging. Snowflake's platform resolves this by building its infrastructure atop the leading cloud-service providers. In other words, Snowflake clients can seamlessly share and move data with ease.What's more, Snowflake has shunned the extremely common practice among cloud providers of pushing subscriptions. Instead, Snowflake offers something of a pay-as-you-go service that charges based on the amount of data stored and Snowflake Compute Credits used. This provides more cost transparency for the company's clients than a one-size-fits-all subscription package.Arguably the biggest obstacle for Snowflake is the company's own valuation. Even after a significant share price haircut, the company is valued at 27 times Wall Street's projected sales of roughly $2 billion in fiscal 2023. But if Snowflake can make good on its march to $10 billion in net sales by fiscal 2029 (calendar year 2028), billionaires like Simons may be glad they paid a premium to hold a stake in Snowflake.Image source: Getty Images.Palantir TechnologiesThe third cutting-edge tech stock billionaires can't stop buying is data mining company Palantir Technologies. During the second quarter, billionaire Israel Englander's Millennium Management bought nearly 1.9 million shares of Palantir stock. To boot, Simons' Renaissance Technologies more than doubled its stake by purchasing close to 15.69 million shares.Billionaires love Palantir for the simple reason that its technology at scale hasn't been duplicated by any other company. Put in another context, Palantir has no direct competitors that can replace the services it's offering to federal governments and predominantly large-scale businesses.The company's Gotham operating system is an AI-driven platform designed to help federal governments gather data, plan missions, accelerate decision-making. Large contract wins from the U.S. government tied to Gotham explain why Palantir has sustained a 30% or greater sales growth rate for the past couple of years.However, Gotham has a limited ceiling. That's because Palantir's management won't extend the Gotham operating system to certain governments, such as China. Over the long run, the company's Foundry software is its golden ticket to sustained double-digit growth. Foundry helps businesses streamline their operations by making sense of big data. In the June-ended quarter, Palantir's commercial customer count more than tripled to 119 from the year-ago quarter.  In short, Foundry is in the very early innings of its growth phase.CrowdStrike HoldingsThe fourth and final next-generation tech stock billionaires can't stop buying is cybersecurity giant CrowdStrike Holdings. Billionaire Steve Cohen of Point72 Asset Management purchased over 819,000 shares of CrowdStrike during the second quarter, which ultimately boosted Point72's stake to 955,234 shares.What makes CrowdStrike tick is the company's AI-powered Falcon security platform. Falcon oversees in the neighborhood of 1 trillion events on a daily basis, which allows the platform to become more adept at recognizing and responding to potential end-user threats. While CrowdStrike doesn't offer the cheapest cybersecurity solutions, the fact that its gross retention rate is hovering around 98% clearly implies that Falcon is effective.Something else to consider about CrowdStrike, and the cybersecurity industry as a whole, is that cybersecurity has evolved into a basic necessity service. No matter how poorly the stock market or U.S. economy perform, bad actors don't take a day off from trying to steal enterprise or customer data. This creates a base level of demand for a company like CrowdStrike.But the best thing of all about CrowdStrike might just be its ability to encourage its existing clients to spend more. In a span of five years, the percentage of customers with four or more cloud-module subscriptions catapulted from 9% to more than 70%. Having existing customers purchase additional services is CrowdStrike's golden ticket to subscription gross margins of around 80%.","news_type":1,"symbols_score_info":{"SNOW":0.9,"UPST":0.9,"CRWD":0.9,"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":3928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936382989,"gmtCreate":1662706671942,"gmtModify":1676537124042,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Did these same billionaires sell ?&nbsp;","listText":"Did these same billionaires sell ?&nbsp;","text":"Did these same billionaires sell ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9936382989","repostId":"2265894852","repostType":4,"repost":{"id":"2265894852","kind":"highlight","pubTimestamp":1662675844,"share":"https://ttm.financial/m/news/2265894852?lang=en_US&edition=fundamental","pubTime":"2022-09-09 06:24","market":"us","language":"en","title":"4 Next-Generation Tech Stocks Billionaires Can't Stop Buying","url":"https://stock-news.laohu8.com/highlight/detail?id=2265894852","media":"Motley Fool","summary":"Wall Street's most successful money managers have used the bear market decline to pile into cutting-edge stocks.","content":"<div>\n<p>There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Next-Generation Tech Stocks Billionaires Can't Stop Buying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Next-Generation Tech Stocks Billionaires Can't Stop Buying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-09 06:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake","PLTR":"Palantir Technologies Inc.","CRWD":"CrowdStrike Holdings, Inc.","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2022/09/08/4-tech-stocks-billionaires-cant-stop-buying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265894852","content_text":"There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine war), pushed both the broad-based S&P 500 and technology-centric Nasdaq Composite firmly into a bear market.However, you wouldn't know the stock market is suffering through one of its worst years in decades by the actions of Wall Street's most-successful investors. Instead of retreating to the sideline, billionaire money managers have been actively buying stocks as the market dips. In particular, billionaires have really taken a liking to tech stocks focused on forward-looking innovation.What follows are four next-generation tech stocks billionaires simply can't stop buying.Image source: Getty Images.Upstart HoldingsThe first innovative powerhouse that at least one billionaire money manager can't stop purchasing is cloud-based lending platform Upstart Holdings. During the second quarter, billionaire Philippe Laffont of Coatue Management acquired roughly 2.36 million shares.What puts Upstart on the leading edge of its industry is its use of artificial intelligence (AI) to vet loan applications. Rather than rely on the traditional (and slow) loan-vetting process, Upstart leans on predictive technologies and previously vetted loan data to approve and fully automate nearly three-quarters of all loans its processes.  This saves the six dozen financial institutions Upstart has partnered with time and money.However, what stands out even more about Upstart is the broader pool of applicants being approved. The typical loan applicant to gain approval with Upstart has a lower average credit score than the those approved with the traditional vetting process. Yet, delinquency rates between Upstart's AI-based process and the traditional vetting process have been similar. The implication here is that Upstart can expand the potential pool of borrowers for banks and credit unions without adversely impacting their credit-risk profile.Laffont is likely also encouraged by Upstart's push into new verticals. Whereas it's spent years processing personal loan applications, it's begun handling auto loan and small business loan originations. On a combined basis, auto and small business loans are more than 10X the market size of personal loan originations.SnowflakeThe second next-generation tech stock billionaires can't seem to get enough of is cloud data-warehousing company Snowflake. The June-ended quarter saw billionaire Jim Simons of Renaissance Technologies add more than 1.25 million shares to his fund's existing position (which now stands at more than 2 million shares).The answer to \"Why Snowflake?\" can be explained by the company's unique operating model. For instance, in the wake of the COVID-19 pandemic, businesses are shifting data into the cloud at an accelerated rate. However, sharing that data across competing cloud infrastructure platforms can be challenging. Snowflake's platform resolves this by building its infrastructure atop the leading cloud-service providers. In other words, Snowflake clients can seamlessly share and move data with ease.What's more, Snowflake has shunned the extremely common practice among cloud providers of pushing subscriptions. Instead, Snowflake offers something of a pay-as-you-go service that charges based on the amount of data stored and Snowflake Compute Credits used. This provides more cost transparency for the company's clients than a one-size-fits-all subscription package.Arguably the biggest obstacle for Snowflake is the company's own valuation. Even after a significant share price haircut, the company is valued at 27 times Wall Street's projected sales of roughly $2 billion in fiscal 2023. But if Snowflake can make good on its march to $10 billion in net sales by fiscal 2029 (calendar year 2028), billionaires like Simons may be glad they paid a premium to hold a stake in Snowflake.Image source: Getty Images.Palantir TechnologiesThe third cutting-edge tech stock billionaires can't stop buying is data mining company Palantir Technologies. During the second quarter, billionaire Israel Englander's Millennium Management bought nearly 1.9 million shares of Palantir stock. To boot, Simons' Renaissance Technologies more than doubled its stake by purchasing close to 15.69 million shares.Billionaires love Palantir for the simple reason that its technology at scale hasn't been duplicated by any other company. Put in another context, Palantir has no direct competitors that can replace the services it's offering to federal governments and predominantly large-scale businesses.The company's Gotham operating system is an AI-driven platform designed to help federal governments gather data, plan missions, accelerate decision-making. Large contract wins from the U.S. government tied to Gotham explain why Palantir has sustained a 30% or greater sales growth rate for the past couple of years.However, Gotham has a limited ceiling. That's because Palantir's management won't extend the Gotham operating system to certain governments, such as China. Over the long run, the company's Foundry software is its golden ticket to sustained double-digit growth. Foundry helps businesses streamline their operations by making sense of big data. In the June-ended quarter, Palantir's commercial customer count more than tripled to 119 from the year-ago quarter.  In short, Foundry is in the very early innings of its growth phase.CrowdStrike HoldingsThe fourth and final next-generation tech stock billionaires can't stop buying is cybersecurity giant CrowdStrike Holdings. Billionaire Steve Cohen of Point72 Asset Management purchased over 819,000 shares of CrowdStrike during the second quarter, which ultimately boosted Point72's stake to 955,234 shares.What makes CrowdStrike tick is the company's AI-powered Falcon security platform. Falcon oversees in the neighborhood of 1 trillion events on a daily basis, which allows the platform to become more adept at recognizing and responding to potential end-user threats. While CrowdStrike doesn't offer the cheapest cybersecurity solutions, the fact that its gross retention rate is hovering around 98% clearly implies that Falcon is effective.Something else to consider about CrowdStrike, and the cybersecurity industry as a whole, is that cybersecurity has evolved into a basic necessity service. No matter how poorly the stock market or U.S. economy perform, bad actors don't take a day off from trying to steal enterprise or customer data. This creates a base level of demand for a company like CrowdStrike.But the best thing of all about CrowdStrike might just be its ability to encourage its existing clients to spend more. In a span of five years, the percentage of customers with four or more cloud-module subscriptions catapulted from 9% to more than 70%. Having existing customers purchase additional services is CrowdStrike's golden ticket to subscription gross margins of around 80%.","news_type":1,"symbols_score_info":{"SNOW":0.9,"UPST":0.9,"CRWD":0.9,"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":2507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938372150,"gmtCreate":1662566745271,"gmtModify":1676537090031,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Yes Netflix should be dropped !&nbsp;","listText":"Yes Netflix should be dropped !&nbsp;","text":"Yes Netflix should be dropped !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938372150","repostId":"1192523766","repostType":2,"isVote":1,"tweetType":1,"viewCount":2389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938090148,"gmtCreate":1662517672984,"gmtModify":1676537078793,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Can't wait!&nbsp;","listText":"Can't wait!&nbsp;","text":"Can't wait!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938090148","repostId":"2265403013","repostType":4,"repost":{"id":"2265403013","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1662521565,"share":"https://ttm.financial/m/news/2265403013?lang=en_US&edition=fundamental","pubTime":"2022-09-07 11:32","market":"us","language":"en","title":"What Is Expected at Apple's \"Far Out\" Fall Event?","url":"https://stock-news.laohu8.com/highlight/detail?id=2265403013","media":"Reuters","summary":"Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other prod","content":"<html><head></head><body><p>Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.</p><p>The event, &#34;Far Out&#34;, will begin at 1700 GMT at the Steve Jobs Theater in Apple&#39;s headquarters in Cupertino, California. It is the company&#39;s first indoor event since the pandemic.</p><p>Based on reports, here are some of the expected announcements:</p><p><b>IPHONE 14</b></p><p>Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.</p><p>The &#34;mini&#34; version of the iPhone may be discontinued, according to reports.</p><p>Pricing and bundling options for Apple&#39;s flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.</p><p>&#34;Apple could choose to increase the price of the Pro models and leave the lower end models unchanged,&#34; BofA Securities analyst Wamsi Mohan said.</p><p><b>SATELLITE NETWORK CONNECTIVITY</b></p><p>Satellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple&#39;s product launches.</p><p>The possible feature would allow users to send emergency text messages in situations where they are without a network.</p><p><b>APPLE WATCH</b></p><p>The Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.</p><p>The company may also launch a Pro version of the Watch.</p><p><b>AIRPODS PRO 2</b></p><p>The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.</p><p>Some reports suggest the case could have a type-C port.</p><p><b>AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?</b></p><p>There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.</p><p>&#34;There could be some clues around a new AR/VR product although unlikely to be launched before 2023,&#34; BofA Securities&#39; Mohan said.</p><p>Here is a list of Apple launches at previous events:</p><table><tbody><tr><td>Past Events</td><td>Date</td><td>Products launched</td></tr><tr><td>Worldwide Developer&#39;s Conference</td><td>June 6, 2022</td><td>MacBooks with M2 chip</td></tr><tr><td>&#34;Peak Performance&#34;</td><td>March 8, 2022</td><td>iPhone SE, iPad Air, Mac Studio, Studio Display,</td></tr><tr><td>&#34;Unleashed&#34;</td><td>Oct. 18, 2021</td><td>MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen</td></tr><tr><td>&#34;California Streaming&#34;</td><td>Sept. 14, 2021</td><td>iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7</td></tr><tr><td>&#34;Spring Loaded&#34;</td><td>April 20, 2021</td><td>iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purple</td></tr></tbody></table><p><b>Also Read:</b> <b>Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?</b>  Source: MarketWatch</p><p>Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.</p><p>After holding steady on iPhone prices a year ago, some analysts expect that Apple will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements—as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious — especially lower-wage earners — but Apple is expected to keep its standard iPhone models at the same starting price while increasing the base $999 and $1,199 prices on its iPhone Pro and Pro Max.</p><p>“While the base iPhone will stay at the same price we believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” Wedbush analyst Daniel Ives wrote in a recent note to clients.</p><p>The company is expected to debut the new iPhone family at a Wednesday event that will kick off at 1 p.m. Eastern time. Apple’s smartphones are its biggest business by far, bringing in more than $162 billion through three quarters of the company’s fiscal year, more than 57% of Apple’s revenue total.</p><p>But The planned iPhone 14 debut comes amid uncertainty about how smartphone demand will hold up in the macroeconomic climate. IDC recently projected a 6.5% decline in global smartphone shipments this year, after shipments underperformed their estimates while declining for four quarters in a row. iPhone demand seems to have held up better than the overall market, however, and Apple Chief Executive Tim Cook said on the company’s last earnings call that he hadn’t noticed “obvious evidence of macroeconomic impact” on the iPhone.</p><p>Other than the price, the biggest news out of Apple’s event could be what isn’t mentioned, or gets taken away. Few observers expect Apple to show off its highly anticipated next product category, a headset, and Apple could be saying goodbye to the iPhone Mini and the infamous “notch.”</p><p>Apple is expected to do away with the mini version of its base iPhone, and it could add a 6.7-inch configuration for the first time, according to Bloomberg News. Also, five years after Apple introduced a “notch” at the top of its iPhone X model that wasn’t exactly a fan favorite, Bloomberg reports it could finally be going away with the iPhone 14 update in favor of “hole-punch and pill-shaped cutouts for the front camera and Face ID sensors.”</p><p>A Steve Jobs-worthy “One More Thing” that details Apple’s next big invention has long been absent from iPhone events, but his successor might have something up his sleeve that fits the bill. Apple has been developing a headset that is expected to integrate long-gestating mixed-reality technology, which Cook has long called “a big idea like the smartphone.” Experts expect it to reach consumers in 2023 at the earliest, but few analysts believe its first appearance will be at Wednesday’s event, even as Meta Platforms Inc. prepares to reveal its next-generation VR tech.</p><p>Given a lack of chatter about the device more recently, it’s perhaps unlikely that Apple is ready to trot the product out for viewing in September—or else the silence means that Apple has done a good job of keeping the wraps on its “one more thing.” Bloomberg reported in May that the company “aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023.”</p><p>Those holding out for foldable and flip phones like the models Samsung Electronics Co. Ltd. debuted a few weeks back will likely have to keep waiting for that sort of launch at Apple, but iPhone fans should expect a faster processor and the end of a much-mocked design element.</p><p>There could be a long awaited announcement of satellite connection technology for iPhones, which would allow people to communicate even while far off the beaten path. The move was expected last year and was not announced, and a similar setup is happening into this year, with analyst Ming-Chi Kuo writing this week that “Apple had completed hardware tests for this feature,” but “whether iPhone 14 will offer satellite communication service depends on whether Apple and operators can settle the business model.”</p><p>The iPhone Pro models are expected to get the majority of the upgrades, relative to the regular iPhone models. Bloomberg News has reported that Apple plans to introduce a 48-megapixel camera, a faster chip, and better battery life for the iPhone 14 Pro and iPhone 14 Pro Max. MacRumors notes that the enhanced camera would let more light pass through the lens, something that could allow for better image quality, including when shooting with the company’s Portrait Mode feature.</p><p>The iPhone 14 Pro could also feature the new A16 chip, which MacRumors has said may help the company power the new camera, as well as the always-on display that some Apple watchers are expecting to finally see on the latest model. While Apple is thought to be planning chip upgrades for the Pro models, 9to5Mac expects that the company could stick with the same A15 chip for the base iPhone 14 line that was used in the iPhone 13 family.</p><p>Also expected at the Wednesday event is an update to the Apple Watch lineup. Bloomberg reports that Apple is planning to introduce an Apple Watch SE featuring a faster chip, an Apple Watch Series 8 containing a body-temperature sensor, and a pro-level model. Evercore ISI analyst Amit Daryanani said that the hypothetical Apple Watch Pro could bring “more battery life, a larger screen, and new fitness features.”</p><p>Apple’s iPhone event comes a week earlier in September than its one last year, suggesting to Evercore’s Daryanani that the company might also make the phones available for purchase sooner. For investors, that means Apple’s September quarter could feature an extra week of iPhone sales relative to last year’s.</p><p>Apple stock has declined 10.9% so far this year, as the Dow Jones Industrial Average — which counts Apple among its 30 components — has declined 12.9% and the S&amp;P 500 index has fallen 16.8%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is Expected at Apple's \"Far Out\" Fall Event?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is Expected at Apple's \"Far Out\" Fall Event?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-07 11:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.</p><p>The event, &#34;Far Out&#34;, will begin at 1700 GMT at the Steve Jobs Theater in Apple&#39;s headquarters in Cupertino, California. It is the company&#39;s first indoor event since the pandemic.</p><p>Based on reports, here are some of the expected announcements:</p><p><b>IPHONE 14</b></p><p>Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.</p><p>The &#34;mini&#34; version of the iPhone may be discontinued, according to reports.</p><p>Pricing and bundling options for Apple&#39;s flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.</p><p>&#34;Apple could choose to increase the price of the Pro models and leave the lower end models unchanged,&#34; BofA Securities analyst Wamsi Mohan said.</p><p><b>SATELLITE NETWORK CONNECTIVITY</b></p><p>Satellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple&#39;s product launches.</p><p>The possible feature would allow users to send emergency text messages in situations where they are without a network.</p><p><b>APPLE WATCH</b></p><p>The Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.</p><p>The company may also launch a Pro version of the Watch.</p><p><b>AIRPODS PRO 2</b></p><p>The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.</p><p>Some reports suggest the case could have a type-C port.</p><p><b>AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?</b></p><p>There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.</p><p>&#34;There could be some clues around a new AR/VR product although unlikely to be launched before 2023,&#34; BofA Securities&#39; Mohan said.</p><p>Here is a list of Apple launches at previous events:</p><table><tbody><tr><td>Past Events</td><td>Date</td><td>Products launched</td></tr><tr><td>Worldwide Developer&#39;s Conference</td><td>June 6, 2022</td><td>MacBooks with M2 chip</td></tr><tr><td>&#34;Peak Performance&#34;</td><td>March 8, 2022</td><td>iPhone SE, iPad Air, Mac Studio, Studio Display,</td></tr><tr><td>&#34;Unleashed&#34;</td><td>Oct. 18, 2021</td><td>MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen</td></tr><tr><td>&#34;California Streaming&#34;</td><td>Sept. 14, 2021</td><td>iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7</td></tr><tr><td>&#34;Spring Loaded&#34;</td><td>April 20, 2021</td><td>iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purple</td></tr></tbody></table><p><b>Also Read:</b> <b>Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?</b>  Source: MarketWatch</p><p>Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.</p><p>After holding steady on iPhone prices a year ago, some analysts expect that Apple will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements—as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious — especially lower-wage earners — but Apple is expected to keep its standard iPhone models at the same starting price while increasing the base $999 and $1,199 prices on its iPhone Pro and Pro Max.</p><p>“While the base iPhone will stay at the same price we believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” Wedbush analyst Daniel Ives wrote in a recent note to clients.</p><p>The company is expected to debut the new iPhone family at a Wednesday event that will kick off at 1 p.m. Eastern time. Apple’s smartphones are its biggest business by far, bringing in more than $162 billion through three quarters of the company’s fiscal year, more than 57% of Apple’s revenue total.</p><p>But The planned iPhone 14 debut comes amid uncertainty about how smartphone demand will hold up in the macroeconomic climate. IDC recently projected a 6.5% decline in global smartphone shipments this year, after shipments underperformed their estimates while declining for four quarters in a row. iPhone demand seems to have held up better than the overall market, however, and Apple Chief Executive Tim Cook said on the company’s last earnings call that he hadn’t noticed “obvious evidence of macroeconomic impact” on the iPhone.</p><p>Other than the price, the biggest news out of Apple’s event could be what isn’t mentioned, or gets taken away. Few observers expect Apple to show off its highly anticipated next product category, a headset, and Apple could be saying goodbye to the iPhone Mini and the infamous “notch.”</p><p>Apple is expected to do away with the mini version of its base iPhone, and it could add a 6.7-inch configuration for the first time, according to Bloomberg News. Also, five years after Apple introduced a “notch” at the top of its iPhone X model that wasn’t exactly a fan favorite, Bloomberg reports it could finally be going away with the iPhone 14 update in favor of “hole-punch and pill-shaped cutouts for the front camera and Face ID sensors.”</p><p>A Steve Jobs-worthy “One More Thing” that details Apple’s next big invention has long been absent from iPhone events, but his successor might have something up his sleeve that fits the bill. Apple has been developing a headset that is expected to integrate long-gestating mixed-reality technology, which Cook has long called “a big idea like the smartphone.” Experts expect it to reach consumers in 2023 at the earliest, but few analysts believe its first appearance will be at Wednesday’s event, even as Meta Platforms Inc. prepares to reveal its next-generation VR tech.</p><p>Given a lack of chatter about the device more recently, it’s perhaps unlikely that Apple is ready to trot the product out for viewing in September—or else the silence means that Apple has done a good job of keeping the wraps on its “one more thing.” Bloomberg reported in May that the company “aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023.”</p><p>Those holding out for foldable and flip phones like the models Samsung Electronics Co. Ltd. debuted a few weeks back will likely have to keep waiting for that sort of launch at Apple, but iPhone fans should expect a faster processor and the end of a much-mocked design element.</p><p>There could be a long awaited announcement of satellite connection technology for iPhones, which would allow people to communicate even while far off the beaten path. The move was expected last year and was not announced, and a similar setup is happening into this year, with analyst Ming-Chi Kuo writing this week that “Apple had completed hardware tests for this feature,” but “whether iPhone 14 will offer satellite communication service depends on whether Apple and operators can settle the business model.”</p><p>The iPhone Pro models are expected to get the majority of the upgrades, relative to the regular iPhone models. Bloomberg News has reported that Apple plans to introduce a 48-megapixel camera, a faster chip, and better battery life for the iPhone 14 Pro and iPhone 14 Pro Max. MacRumors notes that the enhanced camera would let more light pass through the lens, something that could allow for better image quality, including when shooting with the company’s Portrait Mode feature.</p><p>The iPhone 14 Pro could also feature the new A16 chip, which MacRumors has said may help the company power the new camera, as well as the always-on display that some Apple watchers are expecting to finally see on the latest model. While Apple is thought to be planning chip upgrades for the Pro models, 9to5Mac expects that the company could stick with the same A15 chip for the base iPhone 14 line that was used in the iPhone 13 family.</p><p>Also expected at the Wednesday event is an update to the Apple Watch lineup. Bloomberg reports that Apple is planning to introduce an Apple Watch SE featuring a faster chip, an Apple Watch Series 8 containing a body-temperature sensor, and a pro-level model. Evercore ISI analyst Amit Daryanani said that the hypothetical Apple Watch Pro could bring “more battery life, a larger screen, and new fitness features.”</p><p>Apple’s iPhone event comes a week earlier in September than its one last year, suggesting to Evercore’s Daryanani that the company might also make the phones available for purchase sooner. For investors, that means Apple’s September quarter could feature an extra week of iPhone sales relative to last year’s.</p><p>Apple stock has declined 10.9% so far this year, as the Dow Jones Industrial Average — which counts Apple among its 30 components — has declined 12.9% and the S&amp;P 500 index has fallen 16.8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265403013","content_text":"Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.The event, \"Far Out\", will begin at 1700 GMT at the Steve Jobs Theater in Apple's headquarters in Cupertino, California. It is the company's first indoor event since the pandemic.Based on reports, here are some of the expected announcements:IPHONE 14Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.The \"mini\" version of the iPhone may be discontinued, according to reports.Pricing and bundling options for Apple's flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.\"Apple could choose to increase the price of the Pro models and leave the lower end models unchanged,\" BofA Securities analyst Wamsi Mohan said.SATELLITE NETWORK CONNECTIVITYSatellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches.The possible feature would allow users to send emergency text messages in situations where they are without a network.APPLE WATCHThe Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.The company may also launch a Pro version of the Watch.AIRPODS PRO 2The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.Some reports suggest the case could have a type-C port.AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.\"There could be some clues around a new AR/VR product although unlikely to be launched before 2023,\" BofA Securities' Mohan said.Here is a list of Apple launches at previous events:Past EventsDateProducts launchedWorldwide Developer's ConferenceJune 6, 2022MacBooks with M2 chip\"Peak Performance\"March 8, 2022iPhone SE, iPad Air, Mac Studio, Studio Display,\"Unleashed\"Oct. 18, 2021MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen\"California Streaming\"Sept. 14, 2021iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7\"Spring Loaded\"April 20, 2021iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purpleAlso Read: Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?  Source: MarketWatchApple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.After holding steady on iPhone prices a year ago, some analysts expect that Apple will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements—as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious — especially lower-wage earners — but Apple is expected to keep its standard iPhone models at the same starting price while increasing the base $999 and $1,199 prices on its iPhone Pro and Pro Max.“While the base iPhone will stay at the same price we believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” Wedbush analyst Daniel Ives wrote in a recent note to clients.The company is expected to debut the new iPhone family at a Wednesday event that will kick off at 1 p.m. Eastern time. Apple’s smartphones are its biggest business by far, bringing in more than $162 billion through three quarters of the company’s fiscal year, more than 57% of Apple’s revenue total.But The planned iPhone 14 debut comes amid uncertainty about how smartphone demand will hold up in the macroeconomic climate. IDC recently projected a 6.5% decline in global smartphone shipments this year, after shipments underperformed their estimates while declining for four quarters in a row. iPhone demand seems to have held up better than the overall market, however, and Apple Chief Executive Tim Cook said on the company’s last earnings call that he hadn’t noticed “obvious evidence of macroeconomic impact” on the iPhone.Other than the price, the biggest news out of Apple’s event could be what isn’t mentioned, or gets taken away. Few observers expect Apple to show off its highly anticipated next product category, a headset, and Apple could be saying goodbye to the iPhone Mini and the infamous “notch.”Apple is expected to do away with the mini version of its base iPhone, and it could add a 6.7-inch configuration for the first time, according to Bloomberg News. Also, five years after Apple introduced a “notch” at the top of its iPhone X model that wasn’t exactly a fan favorite, Bloomberg reports it could finally be going away with the iPhone 14 update in favor of “hole-punch and pill-shaped cutouts for the front camera and Face ID sensors.”A Steve Jobs-worthy “One More Thing” that details Apple’s next big invention has long been absent from iPhone events, but his successor might have something up his sleeve that fits the bill. Apple has been developing a headset that is expected to integrate long-gestating mixed-reality technology, which Cook has long called “a big idea like the smartphone.” Experts expect it to reach consumers in 2023 at the earliest, but few analysts believe its first appearance will be at Wednesday’s event, even as Meta Platforms Inc. prepares to reveal its next-generation VR tech.Given a lack of chatter about the device more recently, it’s perhaps unlikely that Apple is ready to trot the product out for viewing in September—or else the silence means that Apple has done a good job of keeping the wraps on its “one more thing.” Bloomberg reported in May that the company “aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023.”Those holding out for foldable and flip phones like the models Samsung Electronics Co. Ltd. debuted a few weeks back will likely have to keep waiting for that sort of launch at Apple, but iPhone fans should expect a faster processor and the end of a much-mocked design element.There could be a long awaited announcement of satellite connection technology for iPhones, which would allow people to communicate even while far off the beaten path. The move was expected last year and was not announced, and a similar setup is happening into this year, with analyst Ming-Chi Kuo writing this week that “Apple had completed hardware tests for this feature,” but “whether iPhone 14 will offer satellite communication service depends on whether Apple and operators can settle the business model.”The iPhone Pro models are expected to get the majority of the upgrades, relative to the regular iPhone models. Bloomberg News has reported that Apple plans to introduce a 48-megapixel camera, a faster chip, and better battery life for the iPhone 14 Pro and iPhone 14 Pro Max. MacRumors notes that the enhanced camera would let more light pass through the lens, something that could allow for better image quality, including when shooting with the company’s Portrait Mode feature.The iPhone 14 Pro could also feature the new A16 chip, which MacRumors has said may help the company power the new camera, as well as the always-on display that some Apple watchers are expecting to finally see on the latest model. While Apple is thought to be planning chip upgrades for the Pro models, 9to5Mac expects that the company could stick with the same A15 chip for the base iPhone 14 line that was used in the iPhone 13 family.Also expected at the Wednesday event is an update to the Apple Watch lineup. Bloomberg reports that Apple is planning to introduce an Apple Watch SE featuring a faster chip, an Apple Watch Series 8 containing a body-temperature sensor, and a pro-level model. Evercore ISI analyst Amit Daryanani said that the hypothetical Apple Watch Pro could bring “more battery life, a larger screen, and new fitness features.”Apple’s iPhone event comes a week earlier in September than its one last year, suggesting to Evercore’s Daryanani that the company might also make the phones available for purchase sooner. For investors, that means Apple’s September quarter could feature an extra week of iPhone sales relative to last year’s.Apple stock has declined 10.9% so far this year, as the Dow Jones Industrial Average — which counts Apple among its 30 components — has declined 12.9% and the S&P 500 index has fallen 16.8%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931882831,"gmtCreate":1662430816623,"gmtModify":1676537058743,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Very true! Difficult on the psychology to be patient. Very patient !&nbsp;","listText":"Very true! Difficult on the psychology to be patient. Very patient !&nbsp;","text":"Very true! Difficult on the psychology to be patient. Very patient !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931882831","repostId":"2264710715","repostType":4,"repost":{"id":"2264710715","kind":"highlight","pubTimestamp":1662421459,"share":"https://ttm.financial/m/news/2264710715?lang=en_US&edition=fundamental","pubTime":"2022-09-06 07:44","market":"us","language":"en","title":"Where Will the Bear Market Bottom? History Offers a Very Clear Clue","url":"https://stock-news.laohu8.com/highlight/detail?id=2264710715","media":"Motley Fool","summary":"Two indicators with a successful history of calling bottoms provide a range of where the S&P 500 could eventually bounce.","content":"<div>\n<p>You probably don't need me to tell you this, but 2022 has been one of the most challenging years on record for everyone from Wall Street professionals to everyday investors. The first half of the year...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will the Bear Market Bottom? History Offers a Very Clear Clue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhere Will the Bear Market Bottom? History Offers a Very Clear Clue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-06 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You probably don't need me to tell you this, but 2022 has been one of the most challenging years on record for everyone from Wall Street professionals to everyday investors. The first half of the year...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264710715","content_text":"You probably don't need me to tell you this, but 2022 has been one of the most challenging years on record for everyone from Wall Street professionals to everyday investors. The first half of the year saw the benchmark S&P 500, which is the broadest barometer of stock-market health, produce its worst return in 52 years. The growth-dependent Nasdaq Composite fared even worse, with the index losing as much as a third of its value on a peak-to-trough basis.With two of Wall Street's big three indexes falling into bear market territory -- the timeless Dow Jones Industrial Average maxed out at a peak decline of 19% -- and testing the resolve of investors, the critical question has become: \"Where will the bear market bottom?\"Image source: Getty Images.While the official answer is that we don't know with any certainty, history offers a number of very clear clues as to where the S&P 500 could trough. In particular, two indicators provide a range of where we can expect the bear market to bottom.Valuation plays a key role during bear marketsWhereas Wall Street is willing to tolerate higher valuations when the U.S. and global economy are firing on all cylinders, analysts and investors become much more critical of stock valuations when corrections and bear markets arise. That's why the S&P 500's forward-year price-to-earnings (P/E) ratio can come in handy.The S&P 500's forward P/E divides the aggregate point value of the S&P 500 Index into the consensus earnings-per-share forecast for Wall Street in the upcoming year (in this instance, 2023).With two exceptions -- the Great Recession between 2007 and 2009, where valuations were truly depressed given the uncertain state of the U.S. financial system, and the double-digit percentage pullback for the broader market in 2011 -- the S&P 500's forward P/E has accurately predicted the bottom of every other notable decline since the mid-1990s. Specifically, we've witnessed the benchmark index's forward-year P/E bottom between 13 and 14. This is where the S&P 500 found its bottom following the dot-com bubble in 2002, during the nearly 20% pullback in the fourth quarter of 2018, and following the coronavirus crash.As of Aug. 31, the S&P 500's forward-year P/E stood at 16.8. Based on the noted range of 13 to 14, this would imply further downside to the S&P 500 of 16.7% to 22.6%. In other words, as long as the earnings component of the benchmark index doesn't drastically change, this indicator would imply a bear-market bottom between 3,061 and 3,296.Image source: Getty Images.Margin debt tells a grimmer storyWhile the S&P 500's forward-year P/E ratio provides an upper bound of where history would suggest the bear market is headed, outstanding margin debt tells a more worrisome story.\"Margin debt\" describes the amount of money being borrowed, with interest, by investors to purchase or short-sell securities. Although it's perfectly normal for margin debt to increase over time as the value of U.S. equities grows, it's anything but normal to see margin debt rise significantly, on a percentage basis, over a short period.Since 1995, there have only been three instances where margin debt increased by 60% or more on a trailing-12-month basis. It occurred immediately prior to the dot-com bubble bursting in 2000, just months prior to the financial crisis taking shape in 2007, and once more in 2021. Following the previous two instances where margin debt skyrocketed in excess of 60% in the trailing-12-month period, the S&P 500 lost 49% and 57% of its respective value before finding a bottom.If we simplify this to a general loss of 50% of the S&P 500's value, the bottom range for the index, based on what margin debt history tells us, is 2,409 (half of the 4,818 intra-day high).In other words, two leading indicators with a history of successfully calling a number of bear-market bottoms suggest the S&P 500 could fall to 2,409 in a worst-case scenario, or bounce up to 3,296 if corporate earnings hold up better than expected.^SPX data by YCharts.The one figure more powerful than any bear-market-bottom indicatorObviously, these indicators could be wrong, and the June 2022 bear-market low of 3,636 could hold firm for the S&P 500. If there were indicators that were right 100% of the time, every Wall Street professional and retail investor would be using them by now.Regardless of whether the S&P 500, Nasdaq Composite, and Dow Jones industrial Average have already found their respective bottoms or still have additional downside, one figure does offer a practical guarantee -- and all it requires is your patience.Every year, stock-market analytics provider Crestmont Research publishes data highlighting the 20-year rolling total returns (which include dividends paid) for the S&P 500 since 1919. In other words, Crestmont is looking at the average annual total return investors would have made by buying and holding an S&P 500 tracking index for 20 years over each of the past 103 end years (1919-2021).The result? Investors made money 103 out of 103 times if they purchased an S&P 500 tracking index and held it for 20 years. What's more, approximately 40% of these 103 end years produced an average annual total return of at least 10.9%. Investors weren't just scraping by holding an S&P 500 index. They were doubling their money about every seven years in roughly 40% of all rolling 20-year periods.That means that investors shouldn't be afraid to put money to work on Wall Street either now or in the future. If you're a long-term investor, time is a far more powerful ally than any bear-market bottom indicator.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.6,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931886325,"gmtCreate":1662430573167,"gmtModify":1676537058685,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Interesting article&nbsp;","listText":"Interesting article&nbsp;","text":"Interesting article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931886325","repostId":"2264713810","repostType":4,"repost":{"id":"2264713810","kind":"news","pubTimestamp":1662422226,"share":"https://ttm.financial/m/news/2264713810?lang=en_US&edition=fundamental","pubTime":"2022-09-06 07:57","market":"us","language":"en","title":"Palantir: Down 80% - Move Slowly, Size Properly, And Diversify","url":"https://stock-news.laohu8.com/highlight/detail?id=2264713810","media":"Seeking Alpha","summary":"SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Palantir is down 80% from its all-time high.</li><li>Investors getting back to even face a tough road ahead.</li><li>Volatility can cloud judgment and amplifies emotions.</li><li>PLTR could be a Buy for certain investors; I&#39;m cautiously optimistic.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5161cf24383825916fdda5a8d1265e6a\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Maria Symchych-Navrotska</span></p><p><b>Down 80%</b></p><p>Palantir (NYSE:PLTR) is down 80% from its all-time high. Actually, to be very precise, PLTR is down 81%, but what&#39;s 1% between friends?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95e793f0a76a887f0d46cde8613a143b\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/><span>PLTR data by YCharts</span></p><p>So, what was happening back then?</p><ul><li>Palantir Technologiesbags new $22.5M contract in Japan</li><li>Fujitsu signs $8M contract as Palantir Foundry customer</li><li>Palantir selected to work on Army’s Ground Station modernization</li><li>Palantir announces multi-million dollar deal with PG&amp;E</li><li>Palantir shares surge 25% ahead of Demo Day</li></ul><p>It certainly wasn&#39;t all good news:</p><ul><li>Palantir cut to sell at Citi ahead of lockup, decelerating growth</li></ul><p>Yet, we were in the days of Wall Street Bets going wild. And, the key back in early 2021 was that PLTR was riding high on sentiment, <i>and retail</i>. At that point in time, few people were thinking about &#34;macro&#34; at all:</p><blockquote>Retail trading is definitely changing the way markets function, but what really seems to matter is that we now have a stock picker&#39;s market for the first time since the dot-com bubble. That means stocks may be less sensitive to the broader economy than they used to be, while the professionals need to pay attention to a new generation of investors that entered the scene after the rise of commission-free trading. Instead of following many of the upgrades and downgrades on Wall Street, they&#39;re doing their own research on platforms like Seeking Alpha, and signaling a new era to the DIY investing atmosphere.</blockquote><p>Of course, we know from even the most basic charts that retail went sour and macro has taken over for now: interest rates, inflation, war, just to name a few factors that have taken hold. I was rather clear about this in May 2022:</p><blockquote>The biggest macro story last year into this year was that growth was shifting to value. Of course, PLTR is clearly in the growth category. However, at this time, we have the perfect storm of inflation, supply chain issues, growth out of favor, and way more. Just about everything is against PLTR in the grand view.</blockquote><p><b>Are We Really Down 80%</b></p><p>This is where things get tricky. I&#39;m down about 35% because my cost basis is over $11. It&#39;s not too hard to mathematically figure out how far an investor is down. It&#39;s also not mathematically hard to figure out how much is required to get back to even. The problem is that it&#39;s psychologically difficult to put losses and gains together.Here&#39;s what I mean:</p><blockquote>One of the more compelling aspects of investing is the math of gains and losses. Very simply, a 50% gain does not allow a portfolio to recover from a 50% loss. In fact, a 100% gain is required to restore a 50% loss.</blockquote><p>Here&#39;s a compelling picture to better understand how this works:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b77ef4ec0b7a3bd2e6445460fe02376\" tg-width=\"640\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/><span>The Math of Recovery From a Portfolio Loss (Craig Israelsen, Ph.D.)</span></p><p>Importantly, this also applies to any individual stock. The math doesn&#39;t change because we&#39;re looking at the S&amp;P 500 (SPY) or PLTR.</p><p>Making this personal, I&#39;m down 35% so PLTR needs to gain about 54% from here for me to get back to even on my investment. As I&#39;m writing this up, PLTR is trading at $7.40 so I can multiply by 1.54 (i.e., 54%) to see that is how I get back to my cost basis of $11.40.</p><p>Again, I must stress that the math isn&#39;t too difficult. The decline is easy to calculate. And, the gain is easy to calculate. But, what happens is that we anchor to our starting price, so the recovery feels extra painful. Pain and pleasure are not symmetric.</p><blockquote>If there is a tiger chasing after you versus a suitcase full of money in front of you, which would motivate the average person to act quickly? Avoiding a certain amount of immediate pain wins over gaining immediate pleasure every time. Studies have demonstrated time and time again that people will do much more to avoid short-term pain than they will to gain short-term pleasure.</blockquote><p>This is why having a long-term view of an investment is so critical. The more you check your investments, like PLTR, the more likely you are to feel bad. This is true even when the stock is mostly going up, because every tick down is 2-3x more painful than one tick up. Furthermore, this also partially explains why it&#39;s critical to have a portfolio that makes you comfortable. In other words, diversification helps to moderate feelings because quite often at least some investments are going up.</p><p><b>Putting The &#34;Loss&#34; in Perspective</b></p><p>My little psychology lesson here is of paramount importance. If you believe that PLTR is a meme stock, then you will be thinking of PLTR as a short-term play. It&#39;s quite likely that selling will happen on big dips and it will be painful.</p><p>On the other hand, if you believe Alex Karp, in that PLTR is a long-term play, then your patience will grow dramatically.Hat Tip to Samuel Smith for clarifying this, in regards to Karp speaking at the World Economic Forum:</p><blockquote>Given the required scale, scope, and strength of enterprise software products, PLTR typically takes up to 5 years to fully build them. As a result, the true value of PLTR at any point in time is often never fully appreciated until ~5 years down the road. The bright side of this, however, is that due to the length of time required for fully building and implementing a new enterprise software product, they often have even longer durations in the marketplace.</blockquote><p>I don&#39;t think I&#39;ve ever really made the case that PLTR was a short play. My minimum is nearly always 2-3 years, often much longer. When you buy PLTR, you better plan on holding a long time or you&#39;ll almost certainly be selling.</p><p>Here, let me help you with that using a simple visual.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdb4a1bd8a48e99a7dde89069d38ff1f\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>PLTR 30-Day Rolling Volatility data by YCharts</span></p><p>That&#39;s volatility and it will shake weak hands, forcing them to sell. That&#39;s the fear part of volatility. But keep in mind that volatility also generates greed. When the price is rising like crazy the herd jumps on board:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bef574ff547e600696e1a28b73f598\" tg-width=\"640\" tg-height=\"177\" referrerpolicy=\"no-referrer\"/><span>25% PLTR Share Price Gain Without Any Catalysts (Seeking Alpha)</span></p><p>No new catalysts? That&#39;s not entirely true because we know from the title that this was on the cusp of PLTR&#39;s Demo Day. Emotions. Sentiment. Yes, that&#39;s absolutely true, <i>and the expectations of the herd itself was the catalyst</i>. Although, to be clear, and fair, there was no tangible catalyst on July 22nd, 2021. In any event, we know PLTR will vacillate. I see no reason why this will not continue so &#34;Fair Warning!&#34; is issued again: <i>Here There Be Volatility</i>.</p><p><b>Wrap Up</b></p><p>Most investors holding PLTR are holding onto a capital loss. The downside is the difficult problem of getting back to even, or even moving into the green. We&#39;re all looking to win, right?</p><p>The upside is that it&#39;s now a bit easier to understand PLTR&#39;s price action, with a reference to volatility. Furthermore, it&#39;s a wee bit more simple to know what it will take to get to even, at least in terms of the financials.</p><p>What are the catalysts?Q2 2022 tells us quite a bit:</p><ul><li>Overall Revenue Growth (i.e., $473 million in Q2 2022)</li><li>Customer Count Increases (e.g., Q2 2022 count up to 304 from 169 YoY)</li><li>TAM Expansion (i.e., Gotham, Foundry, Apollo all open for expansion)</li><li>New Products (e.g., Edge AI, HyperAuto, OPIs, Cosmos, Pipeline Builder)</li><li>Developer Community (e.g., Foundry Docs, APIs public, Content Creators)</li></ul><p>Of course, I&#39;m still frustrated by stock-based compensation. Just look up some of my PLTR articles. It comes up many times. But, I also note that I expect that to burn down a lot over the next 2-3 years. We&#39;ll see.</p><p>While I do think that PLTR&#39;s 30% growth is at risk, I said this too:</p><blockquote>I believe that PLTR is still a Hold. Furthermore, I would not consider buying unless we see the price dip below $8, although that might not be low enough to get me to pull the trigger. We&#39;re in rough waters right now. But, again, I do think this is very unique and special company, that should do well over the very long term.</blockquote><p>The company isn&#39;t going bankrupt, or anything remotely that silly. And, we are below $8 at this time. I&#39;m going to very, very cautiously issue a &#34;Buy&#34; of PLTR at this point, for those investors looking to lower their cost basis, and also for those investors who want to tip toe into the company. Tread carefully. Move slowly. Size properly, and be sure to diversify as appropriate for your risk tolerance and portfolio composition.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Down 80% - Move Slowly, Size Properly, And Diversify</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Down 80% - Move Slowly, Size Properly, And Diversify\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-06 07:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ahead.Volatility can cloud judgment and amplifies emotions.PLTR could be a Buy for certain investors...</p>\n\n<a href=\"https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264713810","content_text":"SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ahead.Volatility can cloud judgment and amplifies emotions.PLTR could be a Buy for certain investors; I'm cautiously optimistic.Maria Symchych-NavrotskaDown 80%Palantir (NYSE:PLTR) is down 80% from its all-time high. Actually, to be very precise, PLTR is down 81%, but what's 1% between friends?PLTR data by YChartsSo, what was happening back then?Palantir Technologiesbags new $22.5M contract in JapanFujitsu signs $8M contract as Palantir Foundry customerPalantir selected to work on Army’s Ground Station modernizationPalantir announces multi-million dollar deal with PG&EPalantir shares surge 25% ahead of Demo DayIt certainly wasn't all good news:Palantir cut to sell at Citi ahead of lockup, decelerating growthYet, we were in the days of Wall Street Bets going wild. And, the key back in early 2021 was that PLTR was riding high on sentiment, and retail. At that point in time, few people were thinking about \"macro\" at all:Retail trading is definitely changing the way markets function, but what really seems to matter is that we now have a stock picker's market for the first time since the dot-com bubble. That means stocks may be less sensitive to the broader economy than they used to be, while the professionals need to pay attention to a new generation of investors that entered the scene after the rise of commission-free trading. Instead of following many of the upgrades and downgrades on Wall Street, they're doing their own research on platforms like Seeking Alpha, and signaling a new era to the DIY investing atmosphere.Of course, we know from even the most basic charts that retail went sour and macro has taken over for now: interest rates, inflation, war, just to name a few factors that have taken hold. I was rather clear about this in May 2022:The biggest macro story last year into this year was that growth was shifting to value. Of course, PLTR is clearly in the growth category. However, at this time, we have the perfect storm of inflation, supply chain issues, growth out of favor, and way more. Just about everything is against PLTR in the grand view.Are We Really Down 80%This is where things get tricky. I'm down about 35% because my cost basis is over $11. It's not too hard to mathematically figure out how far an investor is down. It's also not mathematically hard to figure out how much is required to get back to even. The problem is that it's psychologically difficult to put losses and gains together.Here's what I mean:One of the more compelling aspects of investing is the math of gains and losses. Very simply, a 50% gain does not allow a portfolio to recover from a 50% loss. In fact, a 100% gain is required to restore a 50% loss.Here's a compelling picture to better understand how this works:The Math of Recovery From a Portfolio Loss (Craig Israelsen, Ph.D.)Importantly, this also applies to any individual stock. The math doesn't change because we're looking at the S&P 500 (SPY) or PLTR.Making this personal, I'm down 35% so PLTR needs to gain about 54% from here for me to get back to even on my investment. As I'm writing this up, PLTR is trading at $7.40 so I can multiply by 1.54 (i.e., 54%) to see that is how I get back to my cost basis of $11.40.Again, I must stress that the math isn't too difficult. The decline is easy to calculate. And, the gain is easy to calculate. But, what happens is that we anchor to our starting price, so the recovery feels extra painful. Pain and pleasure are not symmetric.If there is a tiger chasing after you versus a suitcase full of money in front of you, which would motivate the average person to act quickly? Avoiding a certain amount of immediate pain wins over gaining immediate pleasure every time. Studies have demonstrated time and time again that people will do much more to avoid short-term pain than they will to gain short-term pleasure.This is why having a long-term view of an investment is so critical. The more you check your investments, like PLTR, the more likely you are to feel bad. This is true even when the stock is mostly going up, because every tick down is 2-3x more painful than one tick up. Furthermore, this also partially explains why it's critical to have a portfolio that makes you comfortable. In other words, diversification helps to moderate feelings because quite often at least some investments are going up.Putting The \"Loss\" in PerspectiveMy little psychology lesson here is of paramount importance. If you believe that PLTR is a meme stock, then you will be thinking of PLTR as a short-term play. It's quite likely that selling will happen on big dips and it will be painful.On the other hand, if you believe Alex Karp, in that PLTR is a long-term play, then your patience will grow dramatically.Hat Tip to Samuel Smith for clarifying this, in regards to Karp speaking at the World Economic Forum:Given the required scale, scope, and strength of enterprise software products, PLTR typically takes up to 5 years to fully build them. As a result, the true value of PLTR at any point in time is often never fully appreciated until ~5 years down the road. The bright side of this, however, is that due to the length of time required for fully building and implementing a new enterprise software product, they often have even longer durations in the marketplace.I don't think I've ever really made the case that PLTR was a short play. My minimum is nearly always 2-3 years, often much longer. When you buy PLTR, you better plan on holding a long time or you'll almost certainly be selling.Here, let me help you with that using a simple visual.PLTR 30-Day Rolling Volatility data by YChartsThat's volatility and it will shake weak hands, forcing them to sell. That's the fear part of volatility. But keep in mind that volatility also generates greed. When the price is rising like crazy the herd jumps on board:25% PLTR Share Price Gain Without Any Catalysts (Seeking Alpha)No new catalysts? That's not entirely true because we know from the title that this was on the cusp of PLTR's Demo Day. Emotions. Sentiment. Yes, that's absolutely true, and the expectations of the herd itself was the catalyst. Although, to be clear, and fair, there was no tangible catalyst on July 22nd, 2021. In any event, we know PLTR will vacillate. I see no reason why this will not continue so \"Fair Warning!\" is issued again: Here There Be Volatility.Wrap UpMost investors holding PLTR are holding onto a capital loss. The downside is the difficult problem of getting back to even, or even moving into the green. We're all looking to win, right?The upside is that it's now a bit easier to understand PLTR's price action, with a reference to volatility. Furthermore, it's a wee bit more simple to know what it will take to get to even, at least in terms of the financials.What are the catalysts?Q2 2022 tells us quite a bit:Overall Revenue Growth (i.e., $473 million in Q2 2022)Customer Count Increases (e.g., Q2 2022 count up to 304 from 169 YoY)TAM Expansion (i.e., Gotham, Foundry, Apollo all open for expansion)New Products (e.g., Edge AI, HyperAuto, OPIs, Cosmos, Pipeline Builder)Developer Community (e.g., Foundry Docs, APIs public, Content Creators)Of course, I'm still frustrated by stock-based compensation. Just look up some of my PLTR articles. It comes up many times. But, I also note that I expect that to burn down a lot over the next 2-3 years. We'll see.While I do think that PLTR's 30% growth is at risk, I said this too:I believe that PLTR is still a Hold. Furthermore, I would not consider buying unless we see the price dip below $8, although that might not be low enough to get me to pull the trigger. We're in rough waters right now. But, again, I do think this is very unique and special company, that should do well over the very long term.The company isn't going bankrupt, or anything remotely that silly. And, we are below $8 at this time. I'm going to very, very cautiously issue a \"Buy\" of PLTR at this point, for those investors looking to lower their cost basis, and also for those investors who want to tip toe into the company. Tread carefully. Move slowly. Size properly, and be sure to diversify as appropriate for your risk tolerance and portfolio composition.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"tweetType":1,"viewCount":1049,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939675208,"gmtCreate":1662106751804,"gmtModify":1676536999272,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"About time ?&nbsp;","listText":"About time ?&nbsp;","text":"About time ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939675208","repostId":"2264033215","repostType":4,"repost":{"id":"2264033215","kind":"highlight","pubTimestamp":1662105442,"share":"https://ttm.financial/m/news/2264033215?lang=en_US&edition=fundamental","pubTime":"2022-09-02 15:57","market":"us","language":"en","title":"Cathie Wood’s ARKK Sees Biggest Monthly Outflow in Nearly a Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2264033215","media":"Bloomberg","summary":"Some fans losing faith as flagship fund plunges 60% this yearARKK sticks with pandemic-favorite Zoom","content":"<div>\n<p>Some fans losing faith as flagship fund plunges 60% this yearARKK sticks with pandemic-favorite Zoom, Ginkgo BioworksCathie WoodPhotographer: Patrick T. Fallon/AFP/Getty ImagesCathie Wood’s fans ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-01/cathie-wood-s-arkk-sees-biggest-monthly-outflow-in-nearly-a-year\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s ARKK Sees Biggest Monthly Outflow in Nearly a Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s ARKK Sees Biggest Monthly Outflow in Nearly a Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-02 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-01/cathie-wood-s-arkk-sees-biggest-monthly-outflow-in-nearly-a-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some fans losing faith as flagship fund plunges 60% this yearARKK sticks with pandemic-favorite Zoom, Ginkgo BioworksCathie WoodPhotographer: Patrick T. Fallon/AFP/Getty ImagesCathie Wood’s fans ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-01/cathie-wood-s-arkk-sees-biggest-monthly-outflow-in-nearly-a-year\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","ARKK":"ARK Innovation ETF","DNA":"Ginkgo Bioworks Holdings Inc."},"source_url":"https://www.bloomberg.com/news/articles/2022-09-01/cathie-wood-s-arkk-sees-biggest-monthly-outflow-in-nearly-a-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264033215","content_text":"Some fans losing faith as flagship fund plunges 60% this yearARKK sticks with pandemic-favorite Zoom, Ginkgo BioworksCathie WoodPhotographer: Patrick T. Fallon/AFP/Getty ImagesCathie Wood’s fans turned tail last month, pulling out the most money from her flagship fund in nearly a year as it continues to flounder.The $8 billion Ark Innovation ETF (ticker ARKK) saw $803 million rush out in August, the biggest monthly outflow since last September, according to data compiled by Bloomberg. The exchange-traded fund saw daily inflows in only six days last month.The surge of outflows underscores a stark shift of sentiment, after money flowed in for much of this year even as the innovation-themed fund plummeted. Investor loyalty may now be reaching a limit, with the ETF down 60% this year, compared with the S&P 500 Index’s 18% drop, and prospects dim for a revival anytime soon.“Ultimately, performance is king,” said Nate Geraci, president of The ETF Store, an advisory firm. “No matter how much conviction a manager has and how closely they stick to their beliefs, if the performance isn’t there, ultimately the outflows will follow.”ARKK flow data arrives with a one-day time lag, meaning the monthly data represent the period from the last trading day of the previous month to the second-to-last day of the current month. For example, the August period represents flows from July 29 to August 30.Wood and her team have kept to their theme of disruptive technology while managing ARKK. That had helped assets in the fund stay sticky earlier in the year, since investors knew what to expect with ARKK, Geraci said. But Wood’s picks have also contributed to the fund’s continued underperformance, as red-hot inflation and monetary tightening batter growth stocks.ARKK last month snapped up shares of Zoom Video Communications Inc. as the video-conferencing company plunged to pre-pandemic levels. The fund has also been buying Ginkgo Bioworks Holdings Inc., which has fallen 69% this year.Some investors may have seen last month as a good time to get out as the ETF rebounded from its June low up until mid-August, Geraci said. But in another indication of bearish sentiment toward Wood’s flagship, the AXS Short Innovation Daily ETF (SARK), which delivers the inverse daily performance of ARKK, saw its biggest monthly inflow since January.‘Just Let It Go’Joe Lin, a 38-year-old tech worker in the Bay Area, first invested in ARKK shortly before the fund peaked in February 2021. He was drawn by videos of Wood discussing “future innovations and how disruptive they would be and that these would be enormous profit-making opportunities,” he said.In the fall of last year, when he was starting to question Wood’s ability to outperform, he sold about two-thirds of his position, and then finally sold off the rest of his stake last month.“When I entered it, I strongly believed in the vision,” he said. “Currently, not so much, and since my initial reason for it did not still apply, I realized I should just let it go.”Some people are still invested in ARKK, but wary of buying the dip. Danielle Morvan, a 34-year-old environmental epidemiologist in Portland, Oregon, bought shares in January. She’s holding on and hoping for a rebound, but is stopping short of adding more shares of Wood’s fund.“I did expect her stock selection and management to have been better than if I was buying single stocks.” she said. “But at this point, I don’t know that that’s actually true.”","news_type":1,"symbols_score_info":{"DNA":0.9,"ARKK":0.9,"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":1014,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939906980,"gmtCreate":1662037147143,"gmtModify":1676536677774,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939906980","repostId":"1122895763","repostType":4,"repost":{"id":"1122895763","kind":"news","pubTimestamp":1662045547,"share":"https://ttm.financial/m/news/1122895763?lang=en_US&edition=fundamental","pubTime":"2022-09-01 23:19","market":"us","language":"en","title":"Charlie Munger Predicted \"Considerable Trouble\" For Markets: SPY Implications","url":"https://stock-news.laohu8.com/highlight/detail?id=1122895763","media":"Seeking Alpha","summary":"SummaryEarlier this year, billionaire investor Charlie Munger predicted that the markets would face ","content":"<html><head></head><body><p>Summary</p><ul><li>Earlier this year, billionaire investor Charlie Munger predicted that the markets would face &#34;considerable trouble.&#34;</li><li>We take a look at his prediction in light of recent macroeconomic developments and its implications for the S&amp;P 500.</li><li>We also share our approach to investing in the current environment.</li></ul><p>Billionaire investor Charlie Munger - Warren Buffett&#39;s partner at <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway </a> - recently opined that &#34;considerable trouble&#34; was coming for markets at the Daily Journal&#39;s (DJCO) annual meeting earlier this year, stating:</p><blockquote><i>What we&#39;re getting iswretched excess and danger for the country. Everybody loves it because it&#39;s like a bunch of people getting drunk at a party; they&#39;re having so much fun getting drunk that they don&#39;t think about the consequences. Eventually, there will be considerable trouble because of the wretched excess, that&#39;s the way it&#39;s usually worked in the past.</i></blockquote><p>He went on define what he meant by wretched excess:</p><blockquote><i>Certainly, the great short squeeze in GameStop (GME) was wretched excess. Certainly, the bitcoin (BTC-USD) thing is wretched excess. I would argue venture capital is throwing too much money too fast, and there&#39;s a considerable wretched excess in venture capital and other forms of private equity...There&#39;s never been anything quite like what we&#39;re doing now. We do know from what&#39;s happened in other nations, if you try and print too much money it eventually causes terrible trouble. We&#39;re closer to terrible trouble than we&#39;ve been in the past, but it may still be a long way off.&#34;</i></blockquote><p>While the <a href=\"https://laohu8.com/S/SPY\">SPDR S&amp;P 500 Trust ETF</a> has delivered -8.57% returns since that meeting, it has not yet experienced the &#34;considerable trouble&#34; of which Mr. Munger spoke:</p><p><img src=\"https://static.tigerbbs.com/aa9e327d28d335c1ba952173a78d8bcb\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/>SPY Total Return Price data by YCharts</p><p>However, we can certainly see that the wretched excess has continued in the months since and the symptoms of it have also increased. While the crypto bubble has continued to burst, with bitcoin down an addition 56% since Mr. Munger&#39;s remarks, <a href=\"https://laohu8.com/S/GME\">GME</a> continues to enjoy an elevated valuation:</p><p><img src=\"https://static.tigerbbs.com/5a461d8b52be2c08bfdea7bd63aa4a6f\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/>GME data by YCharts</p><p>We can also see that interest rates remain near historic lows - despite rising considerably in recent months - and the highly inflated money supply has remained relatively flat since Mr. Munger made his remarks:</p><p><img src=\"https://static.tigerbbs.com/657129e113ae6df9d1e40ca014384412\" tg-width=\"1280\" tg-height=\"852\" referrerpolicy=\"no-referrer\"/>US Long-Term Interest Rates data by YCharts</p><p>We can also see that market indexes and especially housing prices remain elevated:</p><p><img src=\"https://static.tigerbbs.com/13c7438df5f55651979a20fdff9651ff\" tg-width=\"1280\" tg-height=\"852\" referrerpolicy=\"no-referrer\"/>SPY data by YCharts</p><p>However, the consequences of all this excess and bubble-like behavior are beginning to be felt, with GDP declining for two quarters in a row and inflation soaring to four-decade highs in recent months:</p><p><img src=\"https://static.tigerbbs.com/be6eb93157e6cb1f12a1b5b0d7519ff8\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/>US Consumer Price Index YoY data by YCharts</p><p>In this article, we will discuss the implications that this has for the SPY as well as our investing approach in the current environment.</p><h3>Implication #1: Forward Returns Are Likely To Be Lackluster</h3><p>The biggest takeaway from Mr. Munger&#39;s remarks in light of current macroeconomic and market conditions is that forward returns for the SPY are likely to be lackluster. The reasons for this are pretty straightforward:</p><p>1. The economic growth outlook is weak, if not negative for the foreseeable future. Without strong economic growth, earnings growth is bound to be weak as well.</p><p>2. Valuation multiples are elevated relative to historical averages. According to datacompiledby Current Market Valuation based on an equally weighted average of the Yield Curve, Buffett indicator, P/E Ratio, Interest Rate, Margin Debt, and S&amp;P 500 Mean Reversion models based on historical data, the market is currently towards the upper end of the fairly valued range. This means that it is almost overvalued, implying that the market is likely to experience lackluster, if not poor, returns for the foreseeable future. The SPY is overvalued according to the Yield Curve, Buffett Indicator, P/E Ratio, and S&amp;P 500 Mean Reversion models, is slightly above fair value according to the Interest Rate model, and slightly below fair value according to the Margin Debt model.</p><p>3. Interest rates are likely to rise further, based on persistently high inflation and the Federal Reserve&#39;s latestcomments. Higher interest rates in the near future will make the market seem overvalued at present according to the Interest Rate model, adding further weight to the argument that the market is overvalued at the moment. Higher interest rates will also act like gravity on asset valuations, driving them lower.</p><p>When you combine weak growth with a lack of multiple expansion (and in fact likely multiple compression), very low dividend yields, and likely interest rate increases, there are no real catalysts to drive stock market returns.</p><h3>Implication #2: Volatility Will Likely Be Elevated For The Foreseeable Future</h3><p>That said, interest rates do remain historically cheap and there is still a lot of excess capital sloshing around in the global markets. As a result, there will still likely be plenty of dip buying, especially on any hints of inflation declining, the economy weathering the current headwinds better than expected, and/or the Federal Reserve beginning to change its hawkish stance. As the bulls and bears continue to duke it out in aggressive fashion, with bulls aggressively buying dips and bears aggressively selling rips on renewed fears of a recession and/or further interest rate hikes, volatility will likely remain elevated.</p><p>On top of that, with geopolitical risks mounting in East Asia, the Middle East, and Eastern Europe, there are plenty of potential further catalysts for sending stocks plunging lower at a minute&#39;s notice.</p><h3>Implication #3: A Market Crash Is Very Possible</h3><p>As already indicated in implication #2, a market crash is also very possible at the moment. The reasons for it are simple:</p><p>1. As already highlighted, valuations are already bloated, so a crash would not require a stark departure from historical valuation levels. In fact, a crash might be necessary to fully correct financial markets from all of the artificial stimulus from central bankers over the past decade.</p><p>2. There are numerous catalysts which could spark a market crash, and they seem more likely at the moment than at any time in recent memory: any number of geopolitical crises, ranging from a Chinese invasion of Taiwan, to the war in Europe going nuclear, to a major energy crisis if a war begins between Iran and Saudi Arabia, a massive cyber-attack that significantly disrupts the global economy, a major new pandemic or variant of COVID-19 emerging, or even possibly a major global recession.</p><h3>Investor Takeaway</h3><p>While these are certainly complicated, if not extremely challenging, times for investors trying to navigate the markets, we are remaining fully invested. However, we are keeping the following principles in mind to guide us with greater prudence during this period:</p><p>1. We are being highly selective by only investing in securities that appear to have a clear margin of safety, while keeping a small weighting in our most cyclical positions and overweighting our most defensive positions.</p><p>2. We are avoiding taking on any personal leverage through this period in order to minimize our risk of outsized losses in the event of a market crash and to give us the capacity to potentially create some dry powder to capitalize on a market crash.</p><p>3. We are also investing in securities that profit from elevated volatility as we believe that - even in a scenario where the markets do not experience a full-fledged crash - volatility levels will likely be above average for the foreseeable future due to the geopolitical and macroeconomic jitters that are gripping the markets with increasing frequency. As the chart below indicates, volatility as depicted by theVIXis up significantly from where it was before COVID-19 and is even up in 2022 relative to the second half of 2021.</p><p><img src=\"https://static.tigerbbs.com/61315c652f099418782c73479f3dd50a\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/>VIXdata by YCharts</p><p>For those who choose to continue investing in low-cost index funds like SPY, we are not bullish in the short-term, as - for the reasons outlined in this article - we expect lackluster economic growth, elevated valuations, rising interest rates, and the rising risks of a black swan event to suppress broad market total returns for the foreseeable future. As a result, we encourage investors to be more selective in the current environment than to blindly buy the broader market. At the same time, for those committed to passive investing over the long term, remaining fully invested with a practice of consistent long-term dollar cost averaging and prudent personal financial management is unlikely to deliver disappointing results over the course of decades. For that reason, we give the SPY a Hold rating right now.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charlie Munger Predicted \"Considerable Trouble\" For Markets: SPY Implications</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger Predicted \"Considerable Trouble\" For Markets: SPY Implications\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-01 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4537755-charlie-munger-predicted-considerable-trouble-for-markets-spy-implications><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryEarlier this year, billionaire investor Charlie Munger predicted that the markets would face \"considerable trouble.\"We take a look at his prediction in light of recent macroeconomic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4537755-charlie-munger-predicted-considerable-trouble-for-markets-spy-implications\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4537755-charlie-munger-predicted-considerable-trouble-for-markets-spy-implications","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122895763","content_text":"SummaryEarlier this year, billionaire investor Charlie Munger predicted that the markets would face \"considerable trouble.\"We take a look at his prediction in light of recent macroeconomic developments and its implications for the S&P 500.We also share our approach to investing in the current environment.Billionaire investor Charlie Munger - Warren Buffett's partner at Berkshire Hathaway  - recently opined that \"considerable trouble\" was coming for markets at the Daily Journal's (DJCO) annual meeting earlier this year, stating:What we're getting iswretched excess and danger for the country. Everybody loves it because it's like a bunch of people getting drunk at a party; they're having so much fun getting drunk that they don't think about the consequences. Eventually, there will be considerable trouble because of the wretched excess, that's the way it's usually worked in the past.He went on define what he meant by wretched excess:Certainly, the great short squeeze in GameStop (GME) was wretched excess. Certainly, the bitcoin (BTC-USD) thing is wretched excess. I would argue venture capital is throwing too much money too fast, and there's a considerable wretched excess in venture capital and other forms of private equity...There's never been anything quite like what we're doing now. We do know from what's happened in other nations, if you try and print too much money it eventually causes terrible trouble. We're closer to terrible trouble than we've been in the past, but it may still be a long way off.\"While the SPDR S&P 500 Trust ETF has delivered -8.57% returns since that meeting, it has not yet experienced the \"considerable trouble\" of which Mr. Munger spoke:SPY Total Return Price data by YChartsHowever, we can certainly see that the wretched excess has continued in the months since and the symptoms of it have also increased. While the crypto bubble has continued to burst, with bitcoin down an addition 56% since Mr. Munger's remarks, GME continues to enjoy an elevated valuation:GME data by YChartsWe can also see that interest rates remain near historic lows - despite rising considerably in recent months - and the highly inflated money supply has remained relatively flat since Mr. Munger made his remarks:US Long-Term Interest Rates data by YChartsWe can also see that market indexes and especially housing prices remain elevated:SPY data by YChartsHowever, the consequences of all this excess and bubble-like behavior are beginning to be felt, with GDP declining for two quarters in a row and inflation soaring to four-decade highs in recent months:US Consumer Price Index YoY data by YChartsIn this article, we will discuss the implications that this has for the SPY as well as our investing approach in the current environment.Implication #1: Forward Returns Are Likely To Be LacklusterThe biggest takeaway from Mr. Munger's remarks in light of current macroeconomic and market conditions is that forward returns for the SPY are likely to be lackluster. The reasons for this are pretty straightforward:1. The economic growth outlook is weak, if not negative for the foreseeable future. Without strong economic growth, earnings growth is bound to be weak as well.2. Valuation multiples are elevated relative to historical averages. According to datacompiledby Current Market Valuation based on an equally weighted average of the Yield Curve, Buffett indicator, P/E Ratio, Interest Rate, Margin Debt, and S&P 500 Mean Reversion models based on historical data, the market is currently towards the upper end of the fairly valued range. This means that it is almost overvalued, implying that the market is likely to experience lackluster, if not poor, returns for the foreseeable future. The SPY is overvalued according to the Yield Curve, Buffett Indicator, P/E Ratio, and S&P 500 Mean Reversion models, is slightly above fair value according to the Interest Rate model, and slightly below fair value according to the Margin Debt model.3. Interest rates are likely to rise further, based on persistently high inflation and the Federal Reserve's latestcomments. Higher interest rates in the near future will make the market seem overvalued at present according to the Interest Rate model, adding further weight to the argument that the market is overvalued at the moment. Higher interest rates will also act like gravity on asset valuations, driving them lower.When you combine weak growth with a lack of multiple expansion (and in fact likely multiple compression), very low dividend yields, and likely interest rate increases, there are no real catalysts to drive stock market returns.Implication #2: Volatility Will Likely Be Elevated For The Foreseeable FutureThat said, interest rates do remain historically cheap and there is still a lot of excess capital sloshing around in the global markets. As a result, there will still likely be plenty of dip buying, especially on any hints of inflation declining, the economy weathering the current headwinds better than expected, and/or the Federal Reserve beginning to change its hawkish stance. As the bulls and bears continue to duke it out in aggressive fashion, with bulls aggressively buying dips and bears aggressively selling rips on renewed fears of a recession and/or further interest rate hikes, volatility will likely remain elevated.On top of that, with geopolitical risks mounting in East Asia, the Middle East, and Eastern Europe, there are plenty of potential further catalysts for sending stocks plunging lower at a minute's notice.Implication #3: A Market Crash Is Very PossibleAs already indicated in implication #2, a market crash is also very possible at the moment. The reasons for it are simple:1. As already highlighted, valuations are already bloated, so a crash would not require a stark departure from historical valuation levels. In fact, a crash might be necessary to fully correct financial markets from all of the artificial stimulus from central bankers over the past decade.2. There are numerous catalysts which could spark a market crash, and they seem more likely at the moment than at any time in recent memory: any number of geopolitical crises, ranging from a Chinese invasion of Taiwan, to the war in Europe going nuclear, to a major energy crisis if a war begins between Iran and Saudi Arabia, a massive cyber-attack that significantly disrupts the global economy, a major new pandemic or variant of COVID-19 emerging, or even possibly a major global recession.Investor TakeawayWhile these are certainly complicated, if not extremely challenging, times for investors trying to navigate the markets, we are remaining fully invested. However, we are keeping the following principles in mind to guide us with greater prudence during this period:1. We are being highly selective by only investing in securities that appear to have a clear margin of safety, while keeping a small weighting in our most cyclical positions and overweighting our most defensive positions.2. We are avoiding taking on any personal leverage through this period in order to minimize our risk of outsized losses in the event of a market crash and to give us the capacity to potentially create some dry powder to capitalize on a market crash.3. We are also investing in securities that profit from elevated volatility as we believe that - even in a scenario where the markets do not experience a full-fledged crash - volatility levels will likely be above average for the foreseeable future due to the geopolitical and macroeconomic jitters that are gripping the markets with increasing frequency. As the chart below indicates, volatility as depicted by theVIXis up significantly from where it was before COVID-19 and is even up in 2022 relative to the second half of 2021.VIXdata by YChartsFor those who choose to continue investing in low-cost index funds like SPY, we are not bullish in the short-term, as - for the reasons outlined in this article - we expect lackluster economic growth, elevated valuations, rising interest rates, and the rising risks of a black swan event to suppress broad market total returns for the foreseeable future. As a result, we encourage investors to be more selective in the current environment than to blindly buy the broader market. At the same time, for those committed to passive investing over the long term, remaining fully invested with a practice of consistent long-term dollar cost averaging and prudent personal financial management is unlikely to deliver disappointing results over the course of decades. For that reason, we give the SPY a Hold rating right now.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930591559,"gmtCreate":1661986937273,"gmtModify":1676536615808,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Solid earnings. Time to shop!&nbsp;","listText":"Solid earnings. Time to shop!&nbsp;","text":"Solid earnings. Time to shop!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930591559","repostId":"2264236540","repostType":2,"repost":{"id":"2264236540","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1661979334,"share":"https://ttm.financial/m/news/2264236540?lang=en_US&edition=fundamental","pubTime":"2022-09-01 04:55","market":"hk","language":"en","title":"After-Hours Action: Why Veeva Systems Stock Is Down 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2264236540","media":"Benzinga","summary":"Veeva Systems Inc (NYSE: VEEV) shares are trading lower in Wednesday&#39;s after-hours session after the company reported financial results and issued topline guidance below analyst estimates. ","content":"<html><body><p><strong>Veeva Systems Inc </strong>(NYSE:VEEV) shares are trading lower in Wednesday's after-hours session after the company reported financial results and issued topline guidance below analyst estimates. </p>\n<p>Veeva Systems reported fiscal second-quarter revenue of $534.2 million, which beat average analyst estimates of $530.61 million, according to Benzinga Pro. Veeva's topline results jumped 17% year-over-year. </p>\n<p>The company reported second-quarter earnings of $1.03 per share, which was up from 94 cents per share year-over-year. </p>\n<p>\"We are very confident in our competitive position and we are performing well financially as we track ahead of our 2025 targets,\" said <strong>Brent Bowman</strong>, CFO of Veeva Systems.</p>\n<p>Veeva Systems expects third-quarter revenue to be between $545 million and $547 million versus the estimate of $558.28 million. The company expects third-quarter earnings to be between $1.07 and $1.08 per share.</p>\n<p>Veeva Systems sees full-year revenue between $2.14 billion and $2.145 billion versus the estimate of $2.17 billion. The company expects full-year earnings of approximately $4.17 per share.</p>\n<p><em>See Also: Why Comera Life Sciences Shares Are Shooting Up Almost 50% During Wednesday's After-Hours Session</em></p>\n<p><strong>VEEV Price Action: </strong>Veeva Systems has a 52-week high of $257.68 and a 52-week low of $152.04.</p>\n<p>The stock was down 11.7% in after hours at $176 at press time. </p>\n<p><em>Photo: Lorenzo Cafaro from Pixabay.</em></p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After-Hours Action: Why Veeva Systems Stock Is Down 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter-Hours Action: Why Veeva Systems Stock Is Down 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-09-01 04:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Veeva Systems Inc </strong>(NYSE:VEEV) shares are trading lower in Wednesday's after-hours session after the company reported financial results and issued topline guidance below analyst estimates. </p>\n<p>Veeva Systems reported fiscal second-quarter revenue of $534.2 million, which beat average analyst estimates of $530.61 million, according to Benzinga Pro. Veeva's topline results jumped 17% year-over-year. </p>\n<p>The company reported second-quarter earnings of $1.03 per share, which was up from 94 cents per share year-over-year. </p>\n<p>\"We are very confident in our competitive position and we are performing well financially as we track ahead of our 2025 targets,\" said <strong>Brent Bowman</strong>, CFO of Veeva Systems.</p>\n<p>Veeva Systems expects third-quarter revenue to be between $545 million and $547 million versus the estimate of $558.28 million. The company expects third-quarter earnings to be between $1.07 and $1.08 per share.</p>\n<p>Veeva Systems sees full-year revenue between $2.14 billion and $2.145 billion versus the estimate of $2.17 billion. The company expects full-year earnings of approximately $4.17 per share.</p>\n<p><em>See Also: Why Comera Life Sciences Shares Are Shooting Up Almost 50% During Wednesday's After-Hours Session</em></p>\n<p><strong>VEEV Price Action: </strong>Veeva Systems has a 52-week high of $257.68 and a 52-week low of $152.04.</p>\n<p>The stock was down 11.7% in after hours at $176 at press time. </p>\n<p><em>Photo: Lorenzo Cafaro from Pixabay.</em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","VEEV":"Veeva Systems Inc.","BK4167":"医疗保健技术","BK4504":"桥水持仓","BK4528":"SaaS概念"},"source_url":"https://www.benzinga.com/news/earnings/22/08/28709274/after-hours-action-why-veeva-systems-stock-is-down-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264236540","content_text":"Veeva Systems Inc (NYSE:VEEV) shares are trading lower in Wednesday's after-hours session after the company reported financial results and issued topline guidance below analyst estimates. \nVeeva Systems reported fiscal second-quarter revenue of $534.2 million, which beat average analyst estimates of $530.61 million, according to Benzinga Pro. Veeva's topline results jumped 17% year-over-year. \nThe company reported second-quarter earnings of $1.03 per share, which was up from 94 cents per share year-over-year. \n\"We are very confident in our competitive position and we are performing well financially as we track ahead of our 2025 targets,\" said Brent Bowman, CFO of Veeva Systems.\nVeeva Systems expects third-quarter revenue to be between $545 million and $547 million versus the estimate of $558.28 million. The company expects third-quarter earnings to be between $1.07 and $1.08 per share.\nVeeva Systems sees full-year revenue between $2.14 billion and $2.145 billion versus the estimate of $2.17 billion. The company expects full-year earnings of approximately $4.17 per share.\nSee Also: Why Comera Life Sciences Shares Are Shooting Up Almost 50% During Wednesday's After-Hours Session\nVEEV Price Action: Veeva Systems has a 52-week high of $257.68 and a 52-week low of $152.04.\nThe stock was down 11.7% in after hours at $176 at press time. \nPhoto: Lorenzo Cafaro from Pixabay.","news_type":1,"symbols_score_info":{"VEEV":1}},"isVote":1,"tweetType":1,"viewCount":910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997579849,"gmtCreate":1661826686783,"gmtModify":1676536586925,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Buy both!&nbsp;","listText":"Buy both!&nbsp;","text":"Buy both!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997579849","repostId":"2263173200","repostType":4,"repost":{"id":"2263173200","kind":"highlight","pubTimestamp":1661824116,"share":"https://ttm.financial/m/news/2263173200?lang=en_US&edition=fundamental","pubTime":"2022-08-30 09:48","market":"us","language":"en","title":"Salesforce vs. ServiceNow: Which Is the Better Cloud Stock to Buy Right Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2263173200","media":"Motley Fool","summary":"These SaaS leaders recently delivered their latest quarterly reports, which makes this a good time to weigh them against each other.","content":"<div>\n<p>The global economy is slowing down, and an epic run-up in the value of the U.S. dollar relative to other currencies is taking a bite out of the revenues and profits of multinational companies. Cloud ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/29/salesforce-vs-servicenow-which-is-the-better-cloud/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Salesforce vs. ServiceNow: Which Is the Better Cloud Stock to Buy Right Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSalesforce vs. ServiceNow: Which Is the Better Cloud Stock to Buy Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-30 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/29/salesforce-vs-servicenow-which-is-the-better-cloud/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The global economy is slowing down, and an epic run-up in the value of the U.S. dollar relative to other currencies is taking a bite out of the revenues and profits of multinational companies. Cloud ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/29/salesforce-vs-servicenow-which-is-the-better-cloud/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOW":"ServiceNow","CRM":"赛富时"},"source_url":"https://www.fool.com/investing/2022/08/29/salesforce-vs-servicenow-which-is-the-better-cloud/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263173200","content_text":"The global economy is slowing down, and an epic run-up in the value of the U.S. dollar relative to other currencies is taking a bite out of the revenues and profits of multinational companies. Cloud software businesses, though, are displaying strength. Big businesses currently favor projects with quick returns on investment, and shifting digital operations to the cloud delivers just those sorts of rapid benefits.To wit, Salesforce and ServiceNow(NOW) both reported solid second-quarter earnings despite numerous challenges. However, one of these cloud stocks looks like the better buy right now.Salesforce: Enduring (but slowing) growth from a cloud pioneerSalesforce has a broad portfolio of software solutions that help its clients make the most of their customer data and transform their IT operations for the cloud. Through the first half of its fiscal 2023, revenue is up 23% year over year to $15.1 billion. Free cash flow is up 12% to $3.63 billion, giving it a margin of 24%.Even in a period of macroeconomic uncertainty, Salesforce's massive toolbox is still winning over lots of new users. However, the company is headed for a significant slowdown in the back half of the fiscal year. Management recently downgraded its guidance to a forecast of just 17% revenue growth. Two primary factors are to blame. First, the U.S. dollar's growing strength against foreign currencies lowers the value of international sales. And second, the growth bump that Salesforce accrued from its acquisition of digital workplace communications company Slack last summer (which is expected to contribute about $1.5 billion in sales, or just shy of 5% of Salesforce's overall revenue) is now over.The biggest news in the quarterly update Salesforce delivered on Aug. 24, though, was the company's first-ever share repurchase program. The board of directors authorized buybacks totaling $10 billion. That amounts to about 5.8% of the company's current market cap. Shares currently trade for 31 times enterprise value to free cash flow.ServiceNow: A top bet on operational efficiencyServiceNow provides software development tools to build more efficient digital workflows -- for IT teams, for employees, and even for customer interactions with a business. Automating redundant processes (which saves money over time) is something businesses are willing to spend on right now. When the economy is slowing, cost-cutting initiatives tend to take the spotlight, and ServiceNow's solutions help in a big way.ServiceNow's second-quarter financial report also shows its services are in high demand. Revenue was up 25% year over year in the first half of 2022 to $3.29 billion. Free cash flow rose a very healthy 27% to $1.05 billion (32% of revenue).But ServiceNow, too, expects its expansion will slow in the back half of the year. Management is now guiding for full-year subscription revenue growth of 24% and a free cash flow profit margin of 30%. Previously, it was guiding for 26% and 31% growth on those metrics, respectively.Despite management's slight downgrade of expectations, ServiceNow is proving it's a durable cloud technology business in good times and bad. The stock currently trades at an enterprise-value-to-free-cash-flow ratio of 45.Which is the better buy now?Salesforce has a long history of delivering double-digit-percentage annual revenue growth, and in the wake of its big acquisition of Slack, its profit margins are back on the rise. It also has an expansive list of services that organizations of all types need as they adapt their operations for a new digital era. Of these two companies, ServiceNow is growing faster and generating slightly higher profit margins. However, its stock price carries a higher valuation that reflects those things.Thus, the real differentiator right at the moment could be Salesforce's share repurchase program. The deficiencies arising from currency exchange rate headwinds and other economic factors could be mitigated by a shrinking share count, which will boost its free cash flow per share. There's a lot to like about both of these cloud computing leaders, and I think both have their places in a well-diversified portfolio. But I think Salesforce stock is the slightly better buy at this juncture given its new plan to start returning excess cash to shareholders.","news_type":1,"symbols_score_info":{"CRM":0.9,"NOW":1}},"isVote":1,"tweetType":1,"viewCount":1049,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997191210,"gmtCreate":1661754415732,"gmtModify":1676536573414,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Basing investment / trading decisions on Musk's tweets ?!?!&nbsp;","listText":"Basing investment / trading decisions on Musk's tweets ?!?!&nbsp;","text":"Basing investment / trading decisions on Musk's tweets ?!?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997191210","repostId":"1133502715","repostType":4,"repost":{"id":"1133502715","kind":"news","pubTimestamp":1661741445,"share":"https://ttm.financial/m/news/1133502715?lang=en_US&edition=fundamental","pubTime":"2022-08-29 10:50","market":"us","language":"en","title":"Manchester United: Unusual Options And Unusual Elon Musk Tweets","url":"https://stock-news.laohu8.com/highlight/detail?id=1133502715","media":"Seeking Alpha","summary":"SummaryElon Musk’s favorite team has attracted big options players.The storied club could be set for","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Elon Musk’s favorite team has attracted big options players.</li><li>The storied club could be set for a revival.</li><li>Recent US deal for rival Chelsea highlights the opportunity.</li><li>Taking a closer look at the financials of soccer.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab7128d3ab8f0306e582c676f5abea3b\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>coward_lion</span></p><p>English soccer team Manchester United (NYSE:MANU) is listed on the NYSE and the stock has recently risen from its record lows. Some big options activity, an Elon Musk Tweet, and a recent sale of a rival hint at potential gainsof up to 100%.</p><p>Unusual options activity in MANU is well timed by Elon Musk</p><p>Elon Musk found time in his busy Tweet schedule recently to make a statement that he was buying the famous English soccer team, Manchester United.</p><p>After starting off on a political tone, Musk then pivoted to a completely random quote about the 144-year-old iconic sports franchise.</p><p>&#34;To be clear, I support the left half of the Republican Party and the right half of the Democratic Party! Also, I&#39;m buying Manchester United ur welcome,&#34; Musk told his 103 million followers.</p><p>The strange coincidence about the quote was that the Tesla (TSLA) founder has never mentioned the sport in the past... oh, and the fact that the stock had seen unusual options activity in the previous week.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21939e315652592d01c5427112941be2\" tg-width=\"640\" tg-height=\"391\" width=\"100%\" height=\"auto\"/><span>MANU Options Activity (Trend Spider)</span></p><p>As the chart above highlights, MANU now has outsized call option activity clustered at the $14 strike price. That is less than one dollar away from the current price and the expiry date for the out-of-the-money calls is 16 September. There are further calls nestled ahead of the year-end expiries and those were placed this week, accounting for 18% of open interest.</p><p>Musk later retracted his statement and said that it was a &#34;long-standing joke&#34; about sports team ownership, but the timing seems a little too coincidental to me. However, I am not convinced that he would be part of any deal.</p><p>&#34;Although, if it were any team, it would be Man U,&#34; Musk added. &#34;They were my fav team as a kid.&#34;</p><p><b>The storied club could be set for a revival</b></p><p>Manchester United holds the record for English League Title wins at twenty. A huge thirteen of those titles came in a twenty-year span under the reign of Scottish managerial legend, Sir Alex Ferguson, with his first being in 1993.</p><p>The club has suffered a decline in fortunes since the departure of the iconic coach, and it was a fate that they had to endure while watching the emergence of their city rivals as a major player. Following a big investment from the Abu Dhabi United Group; Manchester City has won only eight titles, however, three of those have come within the last ten years and they will be one of the key contenders again this year.</p><p>Manchester United was previously floated on the London Stock Exchange in 1991, but the club was taken private in 2005 after abuyoutby American businessman, Malcolm Glazer, with the club valued at around £800 million.</p><p>The deal raised eyebrows at the time with much of the deal being financed with debt, secured against the club&#39;s assets. That has led to a long-standing distrust of the owners amongst the club&#39;s fans, who blame the Glazers for much of the decline in on-field success. The owners then put 10% of the club&#39;s shares on the NYSE in 2012, which was an effort to raise capital.</p><p>There are hopes for a revival in the team&#39;s success with the arrival of a new coach in the summer and after a tough start to the first two games of the season, the club secured a win against another major rival in Liverpool F.C. That team also has US owners in the form ofFenway Sports, with LeBron James holding a minority stake in the club.</p><p><b>US buyout of another rival club sets out the marker</b></p><p>Yet another US takeover of a top English Soccer team was completed recently with the deal for Chelsea F.C. led by Todd Boehly. Boehly&#39;s consortium consists of Clearlake Capital, Mark Walter, and Hansjörg Wyss. The group completed the deal on 30 May 2022 for a price of £4.25bn ($5bn). Walter and Boehly are owners of the Los Angeles Dodgers and the Los Angeles Lakers.</p><p>That was somewhat of a forced deal, with the club&#39;s previous owner, Russian oligarch Roman Abramovich, pressured to find a buyer after the Ukraine tensions erupted.</p><p>Boehly&#39;s deal highlights an appetite for soccer teams and another big deal in the last year was a deal for Newcastle United F.C. backed by the sovereign wealth fund of Saudi Arabia. As attention turns to other targets, there are few bigger than Manchester United, which is said to be the third-most supported club in the world after Barcelona and Real Madrid of Spain, however, the latter two have the added advantage of a large South American following. Manchester United also reported a record number of global memberships sold for the 2021/22 season in their recent earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd774d28f0be7ac8104c4fbcf6ea4008\" tg-width=\"640\" tg-height=\"322\" width=\"100%\" height=\"auto\"/><span>Largest Social Media Fanbase (Goal.com)</span></p><p><b>The $5 billion deal for Chelsea is interesting because Manchester United trades at a market cap of only $2.25 billion</b> on the NYSE. That means that the club could fetch a price tag above the $5 billion mark and a +100% return for investors.</p><p>The Glazer family is said to be weighing up the sale of a minority stake in Manchester United, according to Bloomberg.</p><p>&#34;The owners have held some preliminary discussions about the possibility of bringing in a new investor... The American Glazer family is not yet ready to cede control of Manchester United, which could be valued at about £5 billion ($6 billion),&#34; according to the report.</p><p>One interested party in a deal is the UK&#39;s richest man, Sir Jim Ratcliffe. The billionaire founded the Ineos energy giant and a spokesperson for the company said:</p><p>“If the club is for sale, Jim is definitely a potential buyer”.</p><p>It is clear that a potential deal could be on the horizon and the recent options activity is interesting, alongside the Musk tweets. If the Tesla owner had inside knowledge of a coming deal then that could see a big US investor in a bidding war against Britain&#39;s richest man.</p><p><b>A deeper dive into the finances of soccer teams</b></p><p>For those that are interested in the financials of a soccer club, I will share some of the recent third-quarter results from Manchester United.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00eb296d716d37c7e7799a18d30e9733\" tg-width=\"640\" tg-height=\"196\" width=\"100%\" height=\"auto\"/><span>MANU 3Q Earnings (Manchester United)</span></p><p>Commercial revenue for the recent quarter was £65.6 million, an increase of 12.9%, over the same period last year. Sponsorship revenue added £39.2 million, up 9.4%. Merchandise, broadcasting, and matchday revenues brought the total to £152 million ($178.3 million).</p><p>After total operating expenses of £175.3 million for the quarter and employee benefit prices of £101.8 million, the club lost £21.8 million ($25.57 million) for the quarter. However, all of these figures were affected by Covid shutdowns in the previous year, which is why matchday revenue is shown to have grown over 2,000% y-o-y.</p><p>Net Debt was £495.7 million ($581 million), which would be around 10% of a potential sale price for the club.</p><p>There is a risk that the Glazers would not sell the club or even a part stake. The other risk is that a new minority owner might create boardroom tensions and put some headwinds on the stock price over the medium term.</p><p><b>Conclusion</b></p><p>Manchester United&#39;s fortunes had dipped on the field and its stock price, and morale were both at record lows. Both have now seen an uptick and the move higher in MANU stock was strangely accompanied by large options open interest and a Tweet from Elon Musk. As US investor interest heats up for English Premier League clubs, Manchester United is the last real prize that could be available. The recent deal for Chelsea F.C. highlights that there is a potential return of over 100% for investors in the event of a deal announcement. The Glazer family is believed to be considering the sale of a minority stake, but they would likely sell at the right price in the face of fan hostility. The latest developments may be leading to a rise in the stock to a more favorable price for the owners. Investors should keep in mind the options activity for September and late December 2022 for potential announcement and deal closing targets.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Manchester United: Unusual Options And Unusual Elon Musk Tweets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nManchester United: Unusual Options And Unusual Elon Musk Tweets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4537521-manchester-united-unusual-options-and-unusual-elon-musk-tweets?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A7><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryElon Musk’s favorite team has attracted big options players.The storied club could be set for a revival.Recent US deal for rival Chelsea highlights the opportunity.Taking a closer look at the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4537521-manchester-united-unusual-options-and-unusual-elon-musk-tweets?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A7\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MANU":"曼联"},"source_url":"https://seekingalpha.com/article/4537521-manchester-united-unusual-options-and-unusual-elon-musk-tweets?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133502715","content_text":"SummaryElon Musk’s favorite team has attracted big options players.The storied club could be set for a revival.Recent US deal for rival Chelsea highlights the opportunity.Taking a closer look at the financials of soccer.coward_lionEnglish soccer team Manchester United (NYSE:MANU) is listed on the NYSE and the stock has recently risen from its record lows. Some big options activity, an Elon Musk Tweet, and a recent sale of a rival hint at potential gainsof up to 100%.Unusual options activity in MANU is well timed by Elon MuskElon Musk found time in his busy Tweet schedule recently to make a statement that he was buying the famous English soccer team, Manchester United.After starting off on a political tone, Musk then pivoted to a completely random quote about the 144-year-old iconic sports franchise.\"To be clear, I support the left half of the Republican Party and the right half of the Democratic Party! Also, I'm buying Manchester United ur welcome,\" Musk told his 103 million followers.The strange coincidence about the quote was that the Tesla (TSLA) founder has never mentioned the sport in the past... oh, and the fact that the stock had seen unusual options activity in the previous week.MANU Options Activity (Trend Spider)As the chart above highlights, MANU now has outsized call option activity clustered at the $14 strike price. That is less than one dollar away from the current price and the expiry date for the out-of-the-money calls is 16 September. There are further calls nestled ahead of the year-end expiries and those were placed this week, accounting for 18% of open interest.Musk later retracted his statement and said that it was a \"long-standing joke\" about sports team ownership, but the timing seems a little too coincidental to me. However, I am not convinced that he would be part of any deal.\"Although, if it were any team, it would be Man U,\" Musk added. \"They were my fav team as a kid.\"The storied club could be set for a revivalManchester United holds the record for English League Title wins at twenty. A huge thirteen of those titles came in a twenty-year span under the reign of Scottish managerial legend, Sir Alex Ferguson, with his first being in 1993.The club has suffered a decline in fortunes since the departure of the iconic coach, and it was a fate that they had to endure while watching the emergence of their city rivals as a major player. Following a big investment from the Abu Dhabi United Group; Manchester City has won only eight titles, however, three of those have come within the last ten years and they will be one of the key contenders again this year.Manchester United was previously floated on the London Stock Exchange in 1991, but the club was taken private in 2005 after abuyoutby American businessman, Malcolm Glazer, with the club valued at around £800 million.The deal raised eyebrows at the time with much of the deal being financed with debt, secured against the club's assets. That has led to a long-standing distrust of the owners amongst the club's fans, who blame the Glazers for much of the decline in on-field success. The owners then put 10% of the club's shares on the NYSE in 2012, which was an effort to raise capital.There are hopes for a revival in the team's success with the arrival of a new coach in the summer and after a tough start to the first two games of the season, the club secured a win against another major rival in Liverpool F.C. That team also has US owners in the form ofFenway Sports, with LeBron James holding a minority stake in the club.US buyout of another rival club sets out the markerYet another US takeover of a top English Soccer team was completed recently with the deal for Chelsea F.C. led by Todd Boehly. Boehly's consortium consists of Clearlake Capital, Mark Walter, and Hansjörg Wyss. The group completed the deal on 30 May 2022 for a price of £4.25bn ($5bn). Walter and Boehly are owners of the Los Angeles Dodgers and the Los Angeles Lakers.That was somewhat of a forced deal, with the club's previous owner, Russian oligarch Roman Abramovich, pressured to find a buyer after the Ukraine tensions erupted.Boehly's deal highlights an appetite for soccer teams and another big deal in the last year was a deal for Newcastle United F.C. backed by the sovereign wealth fund of Saudi Arabia. As attention turns to other targets, there are few bigger than Manchester United, which is said to be the third-most supported club in the world after Barcelona and Real Madrid of Spain, however, the latter two have the added advantage of a large South American following. Manchester United also reported a record number of global memberships sold for the 2021/22 season in their recent earnings.Largest Social Media Fanbase (Goal.com)The $5 billion deal for Chelsea is interesting because Manchester United trades at a market cap of only $2.25 billion on the NYSE. That means that the club could fetch a price tag above the $5 billion mark and a +100% return for investors.The Glazer family is said to be weighing up the sale of a minority stake in Manchester United, according to Bloomberg.\"The owners have held some preliminary discussions about the possibility of bringing in a new investor... The American Glazer family is not yet ready to cede control of Manchester United, which could be valued at about £5 billion ($6 billion),\" according to the report.One interested party in a deal is the UK's richest man, Sir Jim Ratcliffe. The billionaire founded the Ineos energy giant and a spokesperson for the company said:“If the club is for sale, Jim is definitely a potential buyer”.It is clear that a potential deal could be on the horizon and the recent options activity is interesting, alongside the Musk tweets. If the Tesla owner had inside knowledge of a coming deal then that could see a big US investor in a bidding war against Britain's richest man.A deeper dive into the finances of soccer teamsFor those that are interested in the financials of a soccer club, I will share some of the recent third-quarter results from Manchester United.MANU 3Q Earnings (Manchester United)Commercial revenue for the recent quarter was £65.6 million, an increase of 12.9%, over the same period last year. Sponsorship revenue added £39.2 million, up 9.4%. Merchandise, broadcasting, and matchday revenues brought the total to £152 million ($178.3 million).After total operating expenses of £175.3 million for the quarter and employee benefit prices of £101.8 million, the club lost £21.8 million ($25.57 million) for the quarter. However, all of these figures were affected by Covid shutdowns in the previous year, which is why matchday revenue is shown to have grown over 2,000% y-o-y.Net Debt was £495.7 million ($581 million), which would be around 10% of a potential sale price for the club.There is a risk that the Glazers would not sell the club or even a part stake. The other risk is that a new minority owner might create boardroom tensions and put some headwinds on the stock price over the medium term.ConclusionManchester United's fortunes had dipped on the field and its stock price, and morale were both at record lows. Both have now seen an uptick and the move higher in MANU stock was strangely accompanied by large options open interest and a Tweet from Elon Musk. As US investor interest heats up for English Premier League clubs, Manchester United is the last real prize that could be available. The recent deal for Chelsea F.C. highlights that there is a potential return of over 100% for investors in the event of a deal announcement. The Glazer family is believed to be considering the sale of a minority stake, but they would likely sell at the right price in the face of fan hostility. The latest developments may be leading to a rise in the stock to a more favorable price for the owners. Investors should keep in mind the options activity for September and late December 2022 for potential announcement and deal closing targets.","news_type":1,"symbols_score_info":{"MANU":0.9}},"isVote":1,"tweetType":1,"viewCount":1031,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994798427,"gmtCreate":1661689963974,"gmtModify":1676536561477,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Who's still following ARK&nbsp;","listText":"Who's still following ARK&nbsp;","text":"Who's still following ARK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994798427","repostId":"2262154492","repostType":4,"repost":{"id":"2262154492","kind":"highlight","pubTimestamp":1661656790,"share":"https://ttm.financial/m/news/2262154492?lang=en_US&edition=fundamental","pubTime":"2022-08-28 11:19","market":"us","language":"en","title":"5 Top Stocks Cathie Wood Is Selling This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2262154492","media":"InvestorPlace","summary":"Investors recently poured $54.2 million into the $ARK Innovation ETF(ARKK)$Companies sold by Ark Invest this week include $Signify Health (SGFY)$ and $Vertex Pharmaceuticals(VRTX)$.The ARKK ETF is dow","content":"<div>\n<p>Investors recently poured $54.2 million into the ARK Innovation ETFCompanies sold by Ark Invest this week include Signify Health  and Vertex Pharmaceuticals.The ARKK ETF is down by over 50% year-to-...</p>\n\n<a href=\"https://investorplace.com/2022/08/5-top-stocks-cathie-wood-is-selling-this-week/\">Source Link</a>\n\n</div>\n","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Top Stocks Cathie Wood Is Selling This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Top Stocks Cathie Wood Is Selling This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-28 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/5-top-stocks-cathie-wood-is-selling-this-week/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors recently poured $54.2 million into the ARK Innovation ETFCompanies sold by Ark Invest this week include Signify Health  and Vertex Pharmaceuticals.The ARKK ETF is down by over 50% year-to-...</p>\n\n<a href=\"https://investorplace.com/2022/08/5-top-stocks-cathie-wood-is-selling-this-week/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2022/08/5-top-stocks-cathie-wood-is-selling-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262154492","content_text":"Investors recently poured $54.2 million into the ARK Innovation ETFCompanies sold by Ark Invest this week include Signify Health  and Vertex Pharmaceuticals.The ARKK ETF is down by over 50% year-to-date.Shares of Cathie Wood’s flagship exchange-traded fund (ETF), the ARK Innovation ETF closed the week down about 2.5%, losing out on earlier gains during the week. However, retail investors haven’t lost hope in ARKK, or Cathie Wood just yet.In the five trading days that ended Aug. 15, investors poured $54.2 million into ARKK, the most in a five-day span since May. The ETF is still down over 50% year-to-date (YTD), even after a significant rally from its June lows.Cathie Wood continues to hold her highest conviction holdings, such as Tesla (NASDAQ:TSLA) and Teladoc (NYSE:TDOC). At the same time, she has sold off shares of lower conviction holdings in favor of new names. Let’s get into the details.5 Stocks That Cathie Wood Sold This Week1. Signify Health Ark Invest continued its sales of Signify Health (NYSE:SGFY) for a third straight week. This week, ARKK and the ARK Genomic Revolution ETF (BATS:ARKG) sold off a total of 3.14 million shares.Earlier this week, it was reported that four companies, including CVS (NYSE:CVS) and UnitedHealth (NYSE:UNH), were competing to acquire the healthcare company. UnitedHealth submitted the highest offer of $30 per share, which is right around where shares of SGFY are trading. It seems that Cathie Wood is offloading her stake for a gain on an acquisition that may still fall through, reducing her risk. After the sales, Ark still owns 14.47 million shares of SGFY stock. It wouldn’t be surprising to see the sales continue.2. Vertex Pharmaceuticals Vertex Pharmaceuticals (NASDAQ:VRTX) operates as a biotechnology company that specializes in the treatment of underlying causes of cystic fibrosis. However, the company is branching out in a collaboration with Crispr (NASDAQ:CRSP) to develop a blood disease gene-editing therapy called exa-cel. Exa-cell seeks to treat sickle cell disease and transfusion-dependent beta-thalassemia and would cancel out the need to receive regular blood transfusions.The two companies expect to submit their findings to regulatory agencies in the U.S. and Europe by the end of the year. If approved, Vertex could begin preparations to launch the therapy by Q3 of 2022. However, it appears that Wood won’t stick around to wait for the results. From August 22 to August 25, ARKG sold off 41,508 shares of VRTX. After the sales, the ETF owns less than 200,000 shares of the company.3. Iovance Biotherapeutics Iovance Biotherapeutics (NASDAQ:IOVA) operates as a biotechnology company that seeks to use cell therapies to treat cancer. The company is currently undergoing clinical trials to investigate tumor-infiltrating lymphocyte (or TIL) therapy as a monotherapy. Iovance is also investigating TIL “as part of combination therapy in advanced solid tumor cancers including melanoma, non-small cell lung cancer (NSCLC) and cervical cancer.” In addition, Iovance is currently recruiting patients with different types of cancer to participate in the trials.This week, ARKG reported selling 139,765 shares of IOVA. These were the first sales since Feb. 1. After the sales, the ETF still owns 2.79 million shares, making it the 36th largest position out of 50 total.4. 1Life Healthcare 1Life Healthcare (NASDAQ:ONEM) recently made headlines after Amazon (NASDAQ:AMZN) announced that it would close Amazon Care, its primary care and telehealth service. In July, the e-commerce giant announced that it would acquire One Medical, which 1Life previously owned. One Medical owns over 182 medical offices in the U.S. and collects a subscription fee for access to its physicians and digital health services. Amazon stated that it was shutting down Amazon Care because its operations overlap with One Medical’s operations.Now, it appears that Ark is losing faith in ONEM. Wood’s ARKG ETF sold 561,735 shares of ONEM between Aug. 22 and Aug. 25. After the sales, ARKG still owns 126,174 shares.5. Regeneron Regeneron (NASDAQ:REGN) is a well-known biotechnology company that produces and commercializes medicines for a variety of illnesses. The company reported its second-quarter earnings earlier this month, with revenue coming in at $2.86 billion, down 44% year-over-year. However, excluding impacts from REGEN-COV(a)(b), revenue would have increased by 20% YOY. Meanwhile, Regeneron remains profitable, reporting a diluted earnings per share (or EPS) of $7.47. At the end of the quarter, the company had 35 candidates in clinical development, including Dupixent and antibodies for the coronavirus.However, it seems that Cathie Wood and company were not pleased with the results. This week, ARKG disposed of 6,924 shares of REGN. These were the first sales of REGN since March 14. After the sales, the ETF now owns a total of just 48,727 shares.","news_type":1,"symbols_score_info":{"ARKIU":1}},"isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995033608,"gmtCreate":1661385079506,"gmtModify":1676536507439,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Strong earnings. Good Timr to shop&nbsp;","listText":"Strong earnings. Good Timr to shop&nbsp;","text":"Strong earnings. Good Timr to shop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995033608","repostId":"2262793826","repostType":4,"isVote":1,"tweetType":1,"viewCount":1320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998134696,"gmtCreate":1660955250018,"gmtModify":1676536428657,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"About time for a pullback!!","listText":"About time for a pullback!!","text":"About time for a pullback!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998134696","repostId":"2260373492","repostType":4,"repost":{"id":"2260373492","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1660953025,"share":"https://ttm.financial/m/news/2260373492?lang=en_US&edition=fundamental","pubTime":"2022-08-20 07:50","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Down As Yields Rise; Indexes Post Weekly Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2260373492","media":"Reuters","summary":"* Investors await Jackson Hole conference next week* 10-year U.S. Treasury yield nears 3%* Indexes: ","content":"<html><head></head><body><p>* Investors await Jackson Hole conference next week</p><p>* 10-year U.S. Treasury yield nears 3%</p><p>* Indexes: Dow down 0.9%, S&amp;P 500 down 1.3%, Nasdaq down 2%</p><p>NEW YORK, Aug 19 (Reuters) - U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&amp;P 500 posting losses for the week after four straight weeks of gains.</p><p>Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&amp;P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>U.S. Treasury yields rose, with the benchmark 10-year note nearly hitting 3%, after Germany reported record-high increases in monthly producer prices.</p><p>Investors have been weighing how aggressive the Federal Reserve may need to be as it raises interest rates to battle inflation.</p><p>Richmond Federal Reserve President Thomas Barkin said on Friday that U.S. central bank officials have &#34;a lot of time still&#34; before they need to decide how large an interest rate increase to approve at their Sept. 20-21 policy meeting.</p><p>&#34;The rise in rates around the globe and tough talk from central bankers are being used as an excuse to push stocks lower in very light volume on an August Friday session,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>The Dow Jones Industrial Average fell 292.3 points, or 0.86%, to 33,706.74, the S&amp;P 500 lost 55.26 points, or 1.29%, to 4,228.48 and the Nasdaq Composite dropped 260.13 points, or 2.01%, to 12,705.22.</p><p>All three major indexes registered losses for the week. The S&amp;P 500 fell about 1.2% and the Nasdaq slid 2.6% in their first weekly declines after four weeks of gains. The Dow lost about 0.2% for the week.</p><p>After notching its worst first half since 1970, the S&amp;P 500 has bounced some 16% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a recession even as the Fed hikes rates.</p><p>Friday&#39;s monthly options expiration should also make way for greater near-term stock market moves as options positions expire, said Brent Kochuba, founder of options-focused financial insights company SpotGamma.</p><p>The U.S. central bank needs to keep raising borrowing costs to tame decades-high inflation, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.</p><p>The Fed has raised its benchmark overnight interest rate by 225 basis points since March to fight inflation at a four decade-high.</p><p>Focus next week may be on Fed Chair Jerome Powell&#39;s speech on the economic outlook at the annual global central bankers&#39; conference in Jackson Hole, Wyoming.</p><p>Meme stock Bed Bath &amp; Beyond Inc plunged 40.5% as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake.</p><p>The S&amp;P banking index fell 2.1% after recent gains.</p><p>Shares of Deere &amp; Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.</p><p>Volume on U.S. exchanges was last at 10.01 billion shares in one of the lowest volume days of the year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 6.06-to-1 ratio; on Nasdaq, a 3.59-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 43 new highs and 93 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Down As Yields Rise; Indexes Post Weekly Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Down As Yields Rise; Indexes Post Weekly Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-20 07:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Investors await Jackson Hole conference next week</p><p>* 10-year U.S. Treasury yield nears 3%</p><p>* Indexes: Dow down 0.9%, S&amp;P 500 down 1.3%, Nasdaq down 2%</p><p>NEW YORK, Aug 19 (Reuters) - U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&amp;P 500 posting losses for the week after four straight weeks of gains.</p><p>Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&amp;P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>U.S. Treasury yields rose, with the benchmark 10-year note nearly hitting 3%, after Germany reported record-high increases in monthly producer prices.</p><p>Investors have been weighing how aggressive the Federal Reserve may need to be as it raises interest rates to battle inflation.</p><p>Richmond Federal Reserve President Thomas Barkin said on Friday that U.S. central bank officials have &#34;a lot of time still&#34; before they need to decide how large an interest rate increase to approve at their Sept. 20-21 policy meeting.</p><p>&#34;The rise in rates around the globe and tough talk from central bankers are being used as an excuse to push stocks lower in very light volume on an August Friday session,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>The Dow Jones Industrial Average fell 292.3 points, or 0.86%, to 33,706.74, the S&amp;P 500 lost 55.26 points, or 1.29%, to 4,228.48 and the Nasdaq Composite dropped 260.13 points, or 2.01%, to 12,705.22.</p><p>All three major indexes registered losses for the week. The S&amp;P 500 fell about 1.2% and the Nasdaq slid 2.6% in their first weekly declines after four weeks of gains. The Dow lost about 0.2% for the week.</p><p>After notching its worst first half since 1970, the S&amp;P 500 has bounced some 16% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a recession even as the Fed hikes rates.</p><p>Friday&#39;s monthly options expiration should also make way for greater near-term stock market moves as options positions expire, said Brent Kochuba, founder of options-focused financial insights company SpotGamma.</p><p>The U.S. central bank needs to keep raising borrowing costs to tame decades-high inflation, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.</p><p>The Fed has raised its benchmark overnight interest rate by 225 basis points since March to fight inflation at a four decade-high.</p><p>Focus next week may be on Fed Chair Jerome Powell&#39;s speech on the economic outlook at the annual global central bankers&#39; conference in Jackson Hole, Wyoming.</p><p>Meme stock Bed Bath &amp; Beyond Inc plunged 40.5% as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake.</p><p>The S&amp;P banking index fell 2.1% after recent gains.</p><p>Shares of Deere &amp; Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.</p><p>Volume on U.S. exchanges was last at 10.01 billion shares in one of the lowest volume days of the year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 6.06-to-1 ratio; on Nasdaq, a 3.59-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 43 new highs and 93 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4539":"次新股","QLD":"2倍做多纳斯达克100指数ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","BK4581":"高盛持仓","SH":"做空标普500-Proshares","AAPL":"苹果","SQQQ":"纳指三倍做空ETF","QID":"两倍做空纳斯达克指数ETF-ProShares",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","DE":"迪尔股份有限公司","PSQ":"做空纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","TQQQ":"纳指三倍做多ETF","SSO":"2倍做多标普500ETF-ProShares","BBBY":"Bed Bath & Beyond, Inc.","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓","SPY":"标普500ETF","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","OEX":"标普100","COMP":"Compass, Inc.","IVV":"标普500ETF-iShares","MSFT":"微软"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260373492","content_text":"* Investors await Jackson Hole conference next week* 10-year U.S. Treasury yield nears 3%* Indexes: Dow down 0.9%, S&P 500 down 1.3%, Nasdaq down 2%NEW YORK, Aug 19 (Reuters) - U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains.Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.U.S. Treasury yields rose, with the benchmark 10-year note nearly hitting 3%, after Germany reported record-high increases in monthly producer prices.Investors have been weighing how aggressive the Federal Reserve may need to be as it raises interest rates to battle inflation.Richmond Federal Reserve President Thomas Barkin said on Friday that U.S. central bank officials have \"a lot of time still\" before they need to decide how large an interest rate increase to approve at their Sept. 20-21 policy meeting.\"The rise in rates around the globe and tough talk from central bankers are being used as an excuse to push stocks lower in very light volume on an August Friday session,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.The Dow Jones Industrial Average fell 292.3 points, or 0.86%, to 33,706.74, the S&P 500 lost 55.26 points, or 1.29%, to 4,228.48 and the Nasdaq Composite dropped 260.13 points, or 2.01%, to 12,705.22.All three major indexes registered losses for the week. The S&P 500 fell about 1.2% and the Nasdaq slid 2.6% in their first weekly declines after four weeks of gains. The Dow lost about 0.2% for the week.After notching its worst first half since 1970, the S&P 500 has bounced some 16% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a recession even as the Fed hikes rates.Friday's monthly options expiration should also make way for greater near-term stock market moves as options positions expire, said Brent Kochuba, founder of options-focused financial insights company SpotGamma.The U.S. central bank needs to keep raising borrowing costs to tame decades-high inflation, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.The Fed has raised its benchmark overnight interest rate by 225 basis points since March to fight inflation at a four decade-high.Focus next week may be on Fed Chair Jerome Powell's speech on the economic outlook at the annual global central bankers' conference in Jackson Hole, Wyoming.Meme stock Bed Bath & Beyond Inc plunged 40.5% as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake.The S&P banking index fell 2.1% after recent gains.Shares of Deere & Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.Volume on U.S. exchanges was last at 10.01 billion shares in one of the lowest volume days of the year.Declining issues outnumbered advancing ones on the NYSE by a 6.06-to-1 ratio; on Nasdaq, a 3.59-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 43 new highs and 93 new lows.","news_type":1,"symbols_score_info":{"SQQQ":0.6,"MSFT":0.9,"BBBY":0.9,".IXIC":0.65,"ESmain":0.6,"SPY":0.9,"DE":0.9,"TQQQ":0.6,"SSO":0.6,"NQmain":0.6,".DJI":0.9,"PSQ":0.6,"SPXU":0.6,"OEX":0.6,"QID":0.6,"QQQ":0.6,"SH":0.6,".SPX":0.6,"QLD":0.6,"COMP":0.9,"UPRO":0.6,"OEF":0.6,"IVV":0.6,"AAPL":0.9,"MNQmain":0.6,"SDS":0.6}},"isVote":1,"tweetType":1,"viewCount":1231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993281083,"gmtCreate":1660694716946,"gmtModify":1676536379932,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Not unexpected&nbsp;","listText":"Not unexpected&nbsp;","text":"Not unexpected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993281083","repostId":"1111444094","repostType":4,"repost":{"id":"1111444094","kind":"news","pubTimestamp":1660693398,"share":"https://ttm.financial/m/news/1111444094?lang=en_US&edition=fundamental","pubTime":"2022-08-17 07:43","market":"us","language":"en","title":"Sea Tumbles 14% After Wider Than Expected Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1111444094","media":"Bloomberg","summary":"(Bloomberg) -- Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast","content":"<div>\n<p>(Bloomberg) -- Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic outlook....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/sea-s-loss-wider-than-expected-as-asian-consumer-spending-tanks\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Tumbles 14% After Wider Than Expected Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Tumbles 14% After Wider Than Expected Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-16/sea-s-loss-wider-than-expected-as-asian-consumer-spending-tanks><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic outlook....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/sea-s-loss-wider-than-expected-as-asian-consumer-spending-tanks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-16/sea-s-loss-wider-than-expected-as-asian-consumer-spending-tanks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111444094","content_text":"(Bloomberg) -- Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic outlook.The Singapore-based company posted an adjusted loss before interest, taxes, depreciation and amortization of $506.3 million in the June quarter, surpassing the average projection for $482.3 million. Its net loss more than doubled to over $931 million in the June quarter.Sea shares dropped 14% to $77.43 in New York trading. Once Southeast Asia’s most valuable company, the company’s shares have fallen more than 75% since peaking in October.The downbeat result came after Sea cut its full-year e-commerce revenue outlook in May, to a low of $8.5 billion versus $8.9 billion previously. Shoppers emerging from pandemic lockdowns are cutting back on online purchases, shifting toward essentials during a potential recession.Alicia Yap, analyst at Citigroup Inc., said the suspension of e-commerce revenue guidance “will no doubt send unease to investors sentiment.”Sea, which counts Tencent Holdings Ltd. as its biggest investor, has suffered a run of setbacks this year, including a sudden ban of its most popular mobile game in India and the subsequent closure of its e-commerce operations there.The company has been trying to boost profitability as topline growth plateaus. Second-quarter sales rose 29% to $2.9 billion, the slowest growth in almost five years.Key InsightsIn Southeast Asia and Taiwan, adjusted Ebitda loss per order for Shopee -- before allocation of headquarters’ common expenses -- was less than 1 cent. Chief Executive Officer Forrest Li affirmed a target for the business to hit positive adjusted Ebitda before HQ costs in Asia this yearSecond-quarter revenue from Shopee, Sea’s e-commerce unit, gained 51% to about $1.7 billion versus estimates of $1.9 billion.Revenue from gaming arm Garena fell to $900.3 million, slightly ahead of estimates for $827.6 million, as hit mobile game Free Fire matures. The company said in March it expected Garena to post $2.9 billion to $3.1 billion in bookings in 2022, set to be its first decline ever.Revenue from SeaMoney, Sea’s digital financial services unit, rose to $279 million.Get MoreSea has been reducing its overseas footprint and slashing jobs in peripheral businesses as competition takes a toll and as it focuses more on profitability, a stark shift from its previous stance of spending for global expansion.Shopee’s gross merchandise value, the sum of transactions flowing through its platform, rose 27% to $19 billion.Some investors are reducing their exposure to Sea. Tiger Global Management LLC sold $473.8 million of Sea shares, cutting its holdings after six quarters of buying, according to SEC filings. Altimeter Capital Management LP, a shareholder of Singapore-based Grab Holdings Ltd., exited Sea’s Class A-ADRs, according to an analysis of its filings by Bloomberg News.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9912569955,"gmtCreate":1664853558578,"gmtModify":1676537519611,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Which is the emerging superpower ?&nbsp;","listText":"Which is the emerging superpower ?&nbsp;","text":"Which is the emerging superpower ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912569955","repostId":"2272048859","repostType":2,"repost":{"id":"2272048859","kind":"highlight","pubTimestamp":1664802639,"share":"https://ttm.financial/m/news/2272048859?lang=en_US&edition=fundamental","pubTime":"2022-10-03 21:10","market":"us","language":"en","title":"Alibaba And Tencent: Can Value Investing Work In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=2272048859","media":"Seekingalpha","summary":"ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BAB","content":"<html><head></head><body><h2>Thesis</h2><p>There seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts provide a quick summary of their key valuation and profitability metrics. I think it is reasonable to benchmark BABA against Amazon (AMZN) given that they share more similarities than differences in their business fundamentals. But it is hard to find a counterpart for Tencent: it&#39;s kind of a combination of all the FAAMG businesses.</p><p>Regardless of the differences in their business details, the overall picture from these two charts is so overwhelming. With an FY1 PE in the range of 11x to 14.5x, both BABA and TCEHY are so cheaply valued both in absolute terms and relative terms compared to peers like AMZN or the overall market. Yet, their profitability rivals the best of the stocks in the market. As to be elaborated on later, their ROCE (return on capital employed) is more than 2x higher than the average of the FAAMG group (around 55%), and their R&amp;D yield is almost 2x higher than the FAAMG group.</p><p></p><p><img src=\"https://static.tigerbbs.com/3e16e134e2eae031060c9222fce9fc68\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/8d144e0b05afcf9211fa28428ef6c0aa\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Seeking Alpha data</p><p>Based on our discussions with SA readers and other investors lately, the key issue where many bulls and bears disagree is simply this: can value investing work in China? It is a fair and completely logical question. The fact that we can admit they are value stocks does not mean they are good investments, because value investing may not work in China.</p><p>Besides being logical, the question is also well supported by facts. And the chart below provides an example. The chart compares the price returns, i.e. with dividends excluded, from the SSE Composite Index (000001.SS) in the past 5 years against those from the S&amp;P 500. As seen, the SSE Composite Index lost a total of 9.09% while the S&amp;P 500 gained a total of 47.62%. Changing the timeframe does not seem to change the picture too much. For example, when we extend the timeframe to the past 10 years, the SSE Composite Index gained a total of 42.4% - which seems like good news. But the S&amp;P 500 gained more than 169%. So the relative lag is even wider.</p><p>In the remainder of this article, I will provide my two cents on this debate. Also, my opinion is that I don’t see any reason why value investing should not work in China. In my mind, the idea of paying less to buy more is so universal and timeless that I do not see why it would stop working, as to be elaborated on next.</p><p></p><p><img src=\"https://static.tigerbbs.com/5dfb01199cbf518e311fd290945e8272\" tg-width=\"640\" tg-height=\"271\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Yahoo data</p><h2>Historical perspective</h2><p>First, let me provide a piece of counter-evidence to the chart above by going back further in history. The chart below was taken from a lecture Li Lu gave in 2015. Readers unfamiliar with Li Lu can take a look at our recent article and I highly encourage you to read the transcript of this lecture in its entirety.</p><p>The chart compares the performance of China&#39;s stock markets versus the U.S. between 1992 and 2015. As seen, the Shanghai Stock Exchange indexes have grown 1406% during this time at an IRR of 12.1%. And the Shenzhen indexes have grown even more, 1864%, during this time at an IRR of 13.4%. Both growths have far outpaced all the major U.S. indexes. To wit, the Shanghai Stock Exchange indexes’ 1406% growth outpaced the S&amp;P 500 by 2.12x, the DOW Jones by 1.73x, and the NASDAQ 100 index by 1.63x.</p><p>It is true that in the past decade, returns from the China stock markets have lagged the U.S. substantially. But bear in mind that A) the U.S. stock markets have suffered its “lost decades” too multiple times in the past; and B) like all performance comparisons, the conclusion often changes when the timeframe changes.</p><p>Next, we will see if history can offer some insights into the future.</p><p><img src=\"https://static.tigerbbs.com/3a6cba38f13bf629ff8f91fb95cc1159\" tg-width=\"640\" tg-height=\"189\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Li Lu 2015 lecture</p><h2>Which direction would China stocks go next?</h2><p>After the above macro-level view, now let’s descend and look at the specific stocks. The top panel of the following chart shows the best-performing U.S. stocks since their IPO. And you see all the familiar names on this list. And you cannot help but notice that this list is dominated by “old economy” stocks such as insurance conglomerates such as Berkshire (BRK.A) (BRK.B) and Aflac (AFL), chain retailers such as Home Depot (HD) and Walmart (WMT), and consumer staples like V.F. Corp. (VFC) and Altria (MO). The picture is very similar if you make a list of the best-performing China stocks since their IPO on the Shanghai or Shenzhen stock exchanges. The list is also dominated by “old economy” stocks like China Vanke (OTCPK:CHVKF) (OTCPK:CHVKY) (real estate), Gree Electronics (home appliances), Yunnan Biaoyao Medicinal (Healthcare), Kweichow Moutai (liquor), et al.</p><p>The bottom panel of the following chart shows the best-performing stocks by IRR. And now you see the pictures change in two dramatic ways. First, the list is dominated by “new economy” stocks that went IPO primarily around ~2000 such as Baidu (BIDU), Netflix (NFLX), Amazon (AMZN), Ctrip (TCOM), and Salesforce (CRM). And secondly, you see that quite a few Chinese companies listed in the U.S. stock market have made the top 10 list such as Baidu and Ctrip.</p><p>Such a historical perspective leads me to the following recognition about BABA and TCEHY: what has happened to them so far is a hiccup along the way an unstoppable secular shift from the old economy to the new economy. The shift is equally unstoppable in both the U.S. and China. And I won’t be surprised to see BABA and TCEHY appearing on the list when we update it 10 years from now.</p><p>Next, I will provide a few business specifics about BABA and TCEHY to support my above view.</p><p><img src=\"https://static.tigerbbs.com/1dceadf8460e915d7c19021a6b1655c7\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Li Lu 2015 lecture</p><h2>Both R&amp;D aggressively and enjoy superb yield</h2><p><i>As mentioned in our earlier writings, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we are more focused on A) the recurring resources available to fund new R&amp;D efforts sustainably, and B) the overall efficiency of the R&amp;D PROCESS. </i></p><p>So let’s first see how well and sustainably BABA and TCEHY can fund their new R&amp;D efforts. The short answer is: extremely well. The next chart shows the R&amp;D expenses of BABA and TCEHY over the past decade. As seen, both have been consistently investing heavily in R&amp;D. BABA spends on average 8.9% of its total sales on R&amp;D efforts, and TCEHY on average 8.7%. Both levels are consistent with the average of other leaders in the tech space. For example, in the FAAMG group, AMZN spends about 10% of total revenues on its R&amp;D, MSFT about 13%, and AAPL about 6.1%.</p><p><img src=\"https://static.tigerbbs.com/c27d25c102407cdea27576b5ef4aa016\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p>Then the next question is, how effective is their R&amp;D’s process? The next chart shows a variation of Buffett’s $1 test applied to R&amp;D expenses for BABA and TCEHY. The analysis method is detailed in our earlier writings and in summary:</p><ul><li><i>The purpose of any corporate R&amp;D is obviously to generate profit. Therefore, this analysis quantifies the yield by taking the ratio between profit and R&amp;D expenditures. We used the operating cash flow as the measure for profit. </i></li><li><i>Also, most R&amp;D investments do not produce any result in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a 3-year average investment cycle for R&amp;D. And as a result, we used the 3-year moving average of operating cash flow to represent this 3-year cycle. </i></li></ul><p>As you can see, the R&amp;D yield for both has been remarkably consistent and also superb. In BABA’s case, its R&amp;D yield has been steady around an average of $3.31 in recent years. TCEHY’s R&amp;D yield of $3.82 is even higher than BABA&#39;s. To put things under perspective, let’s compare such levels of R&amp;D yield again to the overachieving FAAMG group, which boasts an average R&amp;D yield of around $2 to $2.5 in recent years. And in particular, BABA’s closest peer in the group, AMZN generates a yield of around $0.9 only.</p><p>Next, we will examine their profitability to fuel their R&amp;D efforts sustainably and also project their growth rates.</p><p><img src=\"https://static.tigerbbs.com/7ff7c5712303389c002f61b3d37a464f\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Both enjoy superior profitability too</h2><p>As explained in our earlier writings, to us, the most important profitability measure is ROCE (return on capital employed) because:</p><blockquote><i>ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate. Because when we think as long-term business owners, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e., </i></blockquote><blockquote><i>Long-Term Growth Rate = ROCE * Reinvestment Rate </i></blockquote><blockquote><i>In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized. </i></blockquote><p>As you can see from the chart below, both BABA and TCEHY’s ROCE were literally off the chart till about 2019. They both enjoyed a ROCE on average exceeding 150% before 2019. To put things into perspective, AMZN’s ROCE is only about 29% in recent years. And the FAAMG group’s average ROCE has been about 55% in recent years. From this perspective, this is no wonder why the Chinese government had to tighten regulations and curb their profitability in recent years. And as you can see, their profitability did suffer and declined since then. But even after the decline caused by regulations and tax rate changes, their current ROCE is still above 89% for BABA and about 154% for TCEHY.</p><p><img src=\"https://static.tigerbbs.com/d8502a3508458929a2472fd77abc865f\" tg-width=\"640\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Growth prospects and final verdict</h2><p>As such, looking forward, I see both as well-poised to sustainably fund their innovation via their organic profits. Furthermore, as mentioned above, I also see both best poised to benefit from the secular trend of e-commerce and digitalization not only in China but also globally. Currently, 80% of the commerce is still currently conducted offline and eCommerce only accounts for a total of 20% of the total. The remainder of the digital revolution will be unevenly distributed geographically and the Asia-Pacific region will be the epicenter. And leaders like BABA and TCEHY will be the best positioned to benefit as argued in my earlier article:</p><blockquote><i>… the remaining shift will be unevenly distributed and the Asian-Pacific region will be the center of the momentum. As shown in the chart above, world retail e-commerce sales are expected to exceed $7.3 trillion by 2025. The twist is that the Asia-Pacific region will be where most of the growth will be. By 2023, the Western continents will contribute 16% of the total B2B e-commerce volume, while the remaining 84% would come from the non-Western world. And leaders like BABA and TCEHY are best poised to benefit with their scale and reach, government support, cultural compatibility with other Asian-Pacific countries, and also geographic proximity.</i></blockquote><p>Finally, the following table summarizes all the key metrics discussed above. As mentioned early on, my thesis is that I don’t see why value investing would stop working here given the megatrend, their profitability, and their current valuation. To wit, their valuation is so low that they both provide a healthy owner’s earning yield (“OEY”): 5.6% for BABA and 6.3% for TCEHY at their current prices. And note here that I&#39;m using the free cash flow taken from Seeking Alpha as shown in the second chart below to approximate their owners’ earnings. As such, this is a conservative estimate for their OEY, because the true owners&#39; earnings will be free cash flow plus the growth part of their CAPEX expenses.</p><p>For growth, BABA is projected to grow at 8.9% assuming a reinvestment rate of 10% and its current ROCE of 89% (Perpetual growth rate = 89% ROCE * 10% reinvestment rate = 8.9%). And for TCEHY, the growth rate would be even higher, 15.4%, if we assume the same 10% reinvestment rate because of its higher ROCE of 154% (Perpetual growth rate = 154% ROCE * 10% reinvestment rate = 15.4%).</p><p>All told, BABA is projected to provide a 14.5% total return per year (5.6% OEY plus 8.9% growth) and TCEHY 21.7% (6.3% OEY plus 15.4% growth).</p><p><img src=\"https://static.tigerbbs.com/41f6ca4e324250c4ff76b93a032fb491\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/79b1dde89c5e7977567245d5f41c4294\" tg-width=\"640\" tg-height=\"179\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Seeking Alpha data</p><h2>Risks and final thoughts</h2><p>There are a couple of risks worth mentioning, especially in the near term. Firstly, their ROCE might shrink from the current levels either due to the slowdown of the overall Chinese economy or due to further regulatory changes. Secondly, they may not always be able to find high-margin and high-growth areas to reinvest. The above projections were made under the assumption that A) they always find new opportunities with returns matching their current ROCE, and B) the opportunities are sizable enough to absorb a 10% reinvestment rate. Although under current conditions, even if the growth rates are cut by half due to a combination of A and B, their total annual returns would still be in the double digits.</p><p>To conclude, a key disagreement between many bulls and bears surrounding BABA and TCEHY is not about their valuation or profitability. The key disagreement is simply whether value investing can work in China or not. The question is not only logical but also well supported by recent facts (say the performance of the China stock market, BABA stock prices, and TCEHY prices in the past 5 or 10 years). However, by widening the perspective, my view is that what happened to BABA and TCEHY recently is a hiccup along the way of an unstoppable secular shift from the old economy to the new economy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba And Tencent: Can Value Investing Work In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba And Tencent: Can Value Investing Work In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","00700":"腾讯控股","09988":"阿里巴巴-W","TCEHY":"腾讯控股ADR"},"source_url":"https://seekingalpha.com/article/4544273-alibaba-tencent-value-investing-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272048859","content_text":"ThesisThere seems to be little disagreement among bulls and bears that both Alibaba Group (NYSE: BABA) and Tencent Holdings (OTCPK: TCEHY) are firmly in value territory. The following two charts provide a quick summary of their key valuation and profitability metrics. I think it is reasonable to benchmark BABA against Amazon (AMZN) given that they share more similarities than differences in their business fundamentals. But it is hard to find a counterpart for Tencent: it's kind of a combination of all the FAAMG businesses.Regardless of the differences in their business details, the overall picture from these two charts is so overwhelming. With an FY1 PE in the range of 11x to 14.5x, both BABA and TCEHY are so cheaply valued both in absolute terms and relative terms compared to peers like AMZN or the overall market. Yet, their profitability rivals the best of the stocks in the market. As to be elaborated on later, their ROCE (return on capital employed) is more than 2x higher than the average of the FAAMG group (around 55%), and their R&D yield is almost 2x higher than the FAAMG group.Source: Author based on Seeking Alpha dataSource: Seeking Alpha dataBased on our discussions with SA readers and other investors lately, the key issue where many bulls and bears disagree is simply this: can value investing work in China? It is a fair and completely logical question. The fact that we can admit they are value stocks does not mean they are good investments, because value investing may not work in China.Besides being logical, the question is also well supported by facts. And the chart below provides an example. The chart compares the price returns, i.e. with dividends excluded, from the SSE Composite Index (000001.SS) in the past 5 years against those from the S&P 500. As seen, the SSE Composite Index lost a total of 9.09% while the S&P 500 gained a total of 47.62%. Changing the timeframe does not seem to change the picture too much. For example, when we extend the timeframe to the past 10 years, the SSE Composite Index gained a total of 42.4% - which seems like good news. But the S&P 500 gained more than 169%. So the relative lag is even wider.In the remainder of this article, I will provide my two cents on this debate. Also, my opinion is that I don’t see any reason why value investing should not work in China. In my mind, the idea of paying less to buy more is so universal and timeless that I do not see why it would stop working, as to be elaborated on next.Source: Yahoo dataHistorical perspectiveFirst, let me provide a piece of counter-evidence to the chart above by going back further in history. The chart below was taken from a lecture Li Lu gave in 2015. Readers unfamiliar with Li Lu can take a look at our recent article and I highly encourage you to read the transcript of this lecture in its entirety.The chart compares the performance of China's stock markets versus the U.S. between 1992 and 2015. As seen, the Shanghai Stock Exchange indexes have grown 1406% during this time at an IRR of 12.1%. And the Shenzhen indexes have grown even more, 1864%, during this time at an IRR of 13.4%. Both growths have far outpaced all the major U.S. indexes. To wit, the Shanghai Stock Exchange indexes’ 1406% growth outpaced the S&P 500 by 2.12x, the DOW Jones by 1.73x, and the NASDAQ 100 index by 1.63x.It is true that in the past decade, returns from the China stock markets have lagged the U.S. substantially. But bear in mind that A) the U.S. stock markets have suffered its “lost decades” too multiple times in the past; and B) like all performance comparisons, the conclusion often changes when the timeframe changes.Next, we will see if history can offer some insights into the future.Source: Li Lu 2015 lectureWhich direction would China stocks go next?After the above macro-level view, now let’s descend and look at the specific stocks. The top panel of the following chart shows the best-performing U.S. stocks since their IPO. And you see all the familiar names on this list. And you cannot help but notice that this list is dominated by “old economy” stocks such as insurance conglomerates such as Berkshire (BRK.A) (BRK.B) and Aflac (AFL), chain retailers such as Home Depot (HD) and Walmart (WMT), and consumer staples like V.F. Corp. (VFC) and Altria (MO). The picture is very similar if you make a list of the best-performing China stocks since their IPO on the Shanghai or Shenzhen stock exchanges. The list is also dominated by “old economy” stocks like China Vanke (OTCPK:CHVKF) (OTCPK:CHVKY) (real estate), Gree Electronics (home appliances), Yunnan Biaoyao Medicinal (Healthcare), Kweichow Moutai (liquor), et al.The bottom panel of the following chart shows the best-performing stocks by IRR. And now you see the pictures change in two dramatic ways. First, the list is dominated by “new economy” stocks that went IPO primarily around ~2000 such as Baidu (BIDU), Netflix (NFLX), Amazon (AMZN), Ctrip (TCOM), and Salesforce (CRM). And secondly, you see that quite a few Chinese companies listed in the U.S. stock market have made the top 10 list such as Baidu and Ctrip.Such a historical perspective leads me to the following recognition about BABA and TCEHY: what has happened to them so far is a hiccup along the way an unstoppable secular shift from the old economy to the new economy. The shift is equally unstoppable in both the U.S. and China. And I won’t be surprised to see BABA and TCEHY appearing on the list when we update it 10 years from now.Next, I will provide a few business specifics about BABA and TCEHY to support my above view.Source: Li Lu 2015 lectureBoth R&D aggressively and enjoy superb yieldAs mentioned in our earlier writings, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we are more focused on A) the recurring resources available to fund new R&D efforts sustainably, and B) the overall efficiency of the R&D PROCESS. So let’s first see how well and sustainably BABA and TCEHY can fund their new R&D efforts. The short answer is: extremely well. The next chart shows the R&D expenses of BABA and TCEHY over the past decade. As seen, both have been consistently investing heavily in R&D. BABA spends on average 8.9% of its total sales on R&D efforts, and TCEHY on average 8.7%. Both levels are consistent with the average of other leaders in the tech space. For example, in the FAAMG group, AMZN spends about 10% of total revenues on its R&D, MSFT about 13%, and AAPL about 6.1%.Source: Author based on Seeking Alpha dataThen the next question is, how effective is their R&D’s process? The next chart shows a variation of Buffett’s $1 test applied to R&D expenses for BABA and TCEHY. The analysis method is detailed in our earlier writings and in summary:The purpose of any corporate R&D is obviously to generate profit. Therefore, this analysis quantifies the yield by taking the ratio between profit and R&D expenditures. We used the operating cash flow as the measure for profit. Also, most R&D investments do not produce any result in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a 3-year average investment cycle for R&D. And as a result, we used the 3-year moving average of operating cash flow to represent this 3-year cycle. As you can see, the R&D yield for both has been remarkably consistent and also superb. In BABA’s case, its R&D yield has been steady around an average of $3.31 in recent years. TCEHY’s R&D yield of $3.82 is even higher than BABA's. To put things under perspective, let’s compare such levels of R&D yield again to the overachieving FAAMG group, which boasts an average R&D yield of around $2 to $2.5 in recent years. And in particular, BABA’s closest peer in the group, AMZN generates a yield of around $0.9 only.Next, we will examine their profitability to fuel their R&D efforts sustainably and also project their growth rates.Source: Author based on Seeking Alpha dataBoth enjoy superior profitability tooAs explained in our earlier writings, to us, the most important profitability measure is ROCE (return on capital employed) because:ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate. Because when we think as long-term business owners, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e., Long-Term Growth Rate = ROCE * Reinvestment Rate In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized. As you can see from the chart below, both BABA and TCEHY’s ROCE were literally off the chart till about 2019. They both enjoyed a ROCE on average exceeding 150% before 2019. To put things into perspective, AMZN’s ROCE is only about 29% in recent years. And the FAAMG group’s average ROCE has been about 55% in recent years. From this perspective, this is no wonder why the Chinese government had to tighten regulations and curb their profitability in recent years. And as you can see, their profitability did suffer and declined since then. But even after the decline caused by regulations and tax rate changes, their current ROCE is still above 89% for BABA and about 154% for TCEHY.Source: Author based on Seeking Alpha dataGrowth prospects and final verdictAs such, looking forward, I see both as well-poised to sustainably fund their innovation via their organic profits. Furthermore, as mentioned above, I also see both best poised to benefit from the secular trend of e-commerce and digitalization not only in China but also globally. Currently, 80% of the commerce is still currently conducted offline and eCommerce only accounts for a total of 20% of the total. The remainder of the digital revolution will be unevenly distributed geographically and the Asia-Pacific region will be the epicenter. And leaders like BABA and TCEHY will be the best positioned to benefit as argued in my earlier article:… the remaining shift will be unevenly distributed and the Asian-Pacific region will be the center of the momentum. As shown in the chart above, world retail e-commerce sales are expected to exceed $7.3 trillion by 2025. The twist is that the Asia-Pacific region will be where most of the growth will be. By 2023, the Western continents will contribute 16% of the total B2B e-commerce volume, while the remaining 84% would come from the non-Western world. And leaders like BABA and TCEHY are best poised to benefit with their scale and reach, government support, cultural compatibility with other Asian-Pacific countries, and also geographic proximity.Finally, the following table summarizes all the key metrics discussed above. As mentioned early on, my thesis is that I don’t see why value investing would stop working here given the megatrend, their profitability, and their current valuation. To wit, their valuation is so low that they both provide a healthy owner’s earning yield (“OEY”): 5.6% for BABA and 6.3% for TCEHY at their current prices. And note here that I'm using the free cash flow taken from Seeking Alpha as shown in the second chart below to approximate their owners’ earnings. As such, this is a conservative estimate for their OEY, because the true owners' earnings will be free cash flow plus the growth part of their CAPEX expenses.For growth, BABA is projected to grow at 8.9% assuming a reinvestment rate of 10% and its current ROCE of 89% (Perpetual growth rate = 89% ROCE * 10% reinvestment rate = 8.9%). And for TCEHY, the growth rate would be even higher, 15.4%, if we assume the same 10% reinvestment rate because of its higher ROCE of 154% (Perpetual growth rate = 154% ROCE * 10% reinvestment rate = 15.4%).All told, BABA is projected to provide a 14.5% total return per year (5.6% OEY plus 8.9% growth) and TCEHY 21.7% (6.3% OEY plus 15.4% growth).Source: Author based on Seeking Alpha dataSource: Seeking Alpha dataRisks and final thoughtsThere are a couple of risks worth mentioning, especially in the near term. Firstly, their ROCE might shrink from the current levels either due to the slowdown of the overall Chinese economy or due to further regulatory changes. Secondly, they may not always be able to find high-margin and high-growth areas to reinvest. The above projections were made under the assumption that A) they always find new opportunities with returns matching their current ROCE, and B) the opportunities are sizable enough to absorb a 10% reinvestment rate. Although under current conditions, even if the growth rates are cut by half due to a combination of A and B, their total annual returns would still be in the double digits.To conclude, a key disagreement between many bulls and bears surrounding BABA and TCEHY is not about their valuation or profitability. The key disagreement is simply whether value investing can work in China or not. The question is not only logical but also well supported by recent facts (say the performance of the China stock market, BABA stock prices, and TCEHY prices in the past 5 or 10 years). However, by widening the perspective, my view is that what happened to BABA and TCEHY recently is a hiccup along the way of an unstoppable secular shift from the old economy to the new economy.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9,"TCEHY":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":3004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039120948,"gmtCreate":1645964761783,"gmtModify":1676534078147,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Are these companies actually profitable ? Remember ARKK !&nbsp;","listText":"Are these companies actually profitable ? Remember ARKK !&nbsp;","text":"Are these companies actually profitable ? Remember ARKK !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039120948","repostId":"1156890483","repostType":4,"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4099263395755910","authorId":"4099263395755910","name":"AhBart","avatar":"https://static.itradeup.com/news/5c8a0140b30f2d6c3be37b2ad1a1efe8","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"4099263395755910","idStr":"4099263395755910"},"content":"Good reminder 🤔 ...... bcos generally people tend to hv short memories 😯","text":"Good reminder 🤔 ...... bcos generally people tend to hv short memories 😯","html":"Good reminder 🤔 ...... bcos generally people tend to hv short memories 😯"},{"author":{"id":"3578562735972428","authorId":"3578562735972428","name":"CokePepsi","avatar":"https://community-static.tradeup.com/news/bd6ff01c131455d665669a98e034ffce","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3578562735972428","idStr":"3578562735972428"},"content":"Ya, need to be careful","text":"Ya, need to be careful","html":"Ya, need to be careful"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011708302,"gmtCreate":1648919001067,"gmtModify":1676534422072,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"All great companies. Question is buy at whatprice&nbsp;","listText":"All great companies. Question is buy at whatprice&nbsp;","text":"All great companies. Question is buy at whatprice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011708302","repostId":"1123130739","repostType":4,"repost":{"id":"1123130739","kind":"news","pubTimestamp":1648865521,"share":"https://ttm.financial/m/news/1123130739?lang=en_US&edition=fundamental","pubTime":"2022-04-02 10:12","market":"us","language":"en","title":"7 Blue-Chip Stocks to Buy for April 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1123130739","media":"InvestorPlace","summary":"Nike: Best-of-breed apparel maker and a leader in sports apparel.Alphabet (GOOGL, GOOG): Owns the to","content":"<div>\n<p>Nike: Best-of-breed apparel maker and a leader in sports apparel.Alphabet (GOOGL, GOOG): Owns the top two websites in the world.Apple: Unrivaled business model with its Products and Services ...</p>\n\n<a href=\"https://investorplace.com/2022/04/7-blue-chip-stocks-to-buy-for-april-2022/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Blue-Chip Stocks to Buy for April 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Blue-Chip Stocks to Buy for April 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-02 10:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/7-blue-chip-stocks-to-buy-for-april-2022/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nike: Best-of-breed apparel maker and a leader in sports apparel.Alphabet (GOOGL, GOOG): Owns the top two websites in the world.Apple: Unrivaled business model with its Products and Services ...</p>\n\n<a href=\"https://investorplace.com/2022/04/7-blue-chip-stocks-to-buy-for-april-2022/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克","NVDA":"英伟达","GOOG":"谷歌","AAPL":"苹果","NKE":"耐克","GOOGL":"谷歌A","V":"Visa","MA":"万事达"},"source_url":"https://investorplace.com/2022/04/7-blue-chip-stocks-to-buy-for-april-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123130739","content_text":"Nike: Best-of-breed apparel maker and a leader in sports apparel.Alphabet (GOOGL, GOOG): Owns the top two websites in the world.Apple: Unrivaled business model with its Products and Services businesses.Visa: Runs a near-duopoly on the credit card market.MasterCard: Like Visa, operates with impressive margins and cash flow.Nvidia: Best-of-breed tech juggernaut catering to multiple end-markets enjoying strong secular growth.Starbucks: A leader in the consumer/retail business and has a strong focus on shareholder returns.Early in my investing career, I saw something that really piqued my interest: blue-chip stocks. But not just blue-chip stocks of that era. Instead, I was after future blue chips; And thus, the Future Blue Chips idea had dawned on me.Since then, I have been hunting tomorrow’s shining stars of today, sniffing out the best stocks I can find with strong fundamentals, solid leadership and reasonable valuations.These are long-term, theme-oriented stocks that are relying on high-quality businesses and secular trends. Years ago — perhaps a decade — I would get people that would reach out to me and say, “Hey! These are already well-known companies. Find something new, would ya!”Well, it’s hard to be a future blue chips stock if the company isn’t already a good one. At the time, it included many of the names you see above, minus Nvidia unfortunately. On the plus side, the rest of these companies have continued to deliver the goods. And now, we’re going to go one-by-one through them to see why.Blue-Chip Stocks to Buy: NikeSource: TY Lim / Shutterstock.comOne of the largest apparel companies in the world isNike(NYSE:NKE). It operates a wonderful blend between being a wholesale apparel maker and a high-end athletic retailer. By running its own locations, as well as selling to other retailers, Nike diversifies its revenue and is able to drive incremental margin growth to its bottom line.In a nutshell, it can drive sales at its own locations, while relying on the size of other retailers to generate revenue. But Nike’s real crown jewel is its direct-to-consumer (DTC) business.Referred to by the company as its DTC unit, this business is what allows Nike to drive significant margin expansion. It’s also what allowed the company to recover more quickly than most apparel makers and apparel retailers in the early days of the novel coronavirus pandemic.With its DTC business, Nike can sell right to its customers. In turn, that allows it to build better analytics and improve its target marketing. It also allows it to cut out the middleman. Last quarter,overall revenue increased 4.9%year-over-year (YOY). However, its DTC business climbed 17% on a currency-neutral basis. So, clearly, that’s where the momentum is at.Alphabet (GOOG, GOOGL)Source: rvlsoft / Shutterstock.comAlphabet (GOOGL, GOOG) is one of the best companies in the entire market, and there are three simple reasons why: Assets, growth and its balance sheet. Let’s go in that order.The company commands a market capitalization of about $1.9 trillion, so of course, it has many assets. However, its main assets are Google.com and YouTube.com. Not only are these the two most popular websites in the world — akin to owning Boardwalk and Park Place in the gameMonopoly — but they also boast strong growth.That leads us to our second point. In combination with its cloud unit and other divisions, Alphabet continues to churn out impressive growth. Last quarter, revenue climbedmore than 32% YOY. This year, analysts expectsales growth of 16.7%. And for 2023, those estimates sit at 15.6%. Meanwhile, earnings growth forecasts are similar.When it comes to free cash flow, Alphabet generated $67billioninFCF last year. That was up more than 55% from the prior year, while this figure grew more than 35% in each of the prior two years as well.All of this growth is doing just one thing, which is growing the balance sheet. As of its latest quarter, Alphabet has $188 billion in current assets, almost $140 billion of which are in cash and short-term securities. The company also carries $14.8 billion in long-term debt, or a quarter of that when we exclude capitalized leases.Blue-Chip Stocks to Buy: Apple Source: WeDesing / Shutterstock.comI refer to Apple  as having one of the best business models in the world. It runs the razor/razor blade model, but at an incredible premium.The razor/razor blade model is premised on the idea of getting the razor into customer’s hands — even if that means giving it away at cost (or less) — so that they will continue to buy razors from you, which is the real money maker.Rather than give away its razors though — in this case, that’s iPhones, iPads, Macs, etc. — Apple charges a hefty premium. They mark these devices up in price to the point where they alone generate an enormous business for Apple.So, what then is the razor blade portion of the business? Services.Last quarter, overall revenue grew 11%, whileServicesrevenuegrew almost 24%YOY. Not only is it outpacing the company’s Products revenue in terms of growth, and overall revenue growth, but Apple’s Services unit is more than twice as profitable as its Products business. And that is the main catalyst that people need to understand.Visa Source: Kikinunchi / Shutterstock.comOutside of the tech space, these next two companies have been some of the best performers over the last decade. Visa and MasterCard run what I like to call a “toll booth” on transactions.There’s a secular trend that’s been underway for years, as consumers transition from cash and check to credit and debit. Additionally, the rise of online and digital sales has only fueled this move, as consumers obviously find it easy to shop.Specifically, with these two businesses, investors have been quick to critique the valuation by pointing out that Visa stock trades at more than 17 times its trailing 12-month revenue. In the past, this valuation has also been an issue.Even during generous market periods, that’s a rich valuation for many growth stocks.However, in those instances, investors aren’t taking profits into account for the growth stocks, because many don’t have any. And in the case of Visa, it’s incredibly profitable.Overall, the company sports gross profit margins of almost 80% and net profit margins of 51.6%. These metrics aren’t back to the pre-pandemic highs just yet, but they are inching in that direction now. Therefore, it makes a great option among the top blue-chip stocks to buy.Blue-Chip Stocks to Buy: MasterCard Source: Alexander Yakimov / Shutterstock.comMasterCard is very similar to Visa. Like the latter, MasterCard also tends to trade at a high price-sales (P/S) ratio. While many will glance at this metric and dismiss these stocks, it’s a foolish way to evaluate them. Admittedly the valuations have crept higher, but from this standpoint, they have almost always been elevated. And yet, investors have reaped enormous rewards by staying long Visa and MasterCard.In fact, 76% of revenue is converted into gross profit and almost half of revenue falls to the bottom line. In turn, MasterCard boasts a net profit margin of 46%. Of course, like Visa, these margins are not back to pre-pandemic levels; But they do continue to climb.Collectively, the major risk to these businesses isn’t digital sales, cryptocurrencies or otherwise. It’s a recession, either globally or domestically. Lower consumer spending will be a big net negative to these stocks specifically since spending is what drives the top and bottom line.NvidiaSource: Hairem / Shutterstock.comAs one of the greatest companies in the market as well, Nvidia caters to multiple end-markets that are enjoying long-term secular growth. Some of those end markets include:Datacenter, cloud computing, supercomputing, artificial intelligence and machine learning, graphics, gaming, autonomous driving and automotive, drones, robotics, the metaverse and more.Moreover, when you look at those markets, it’s pretty clear to see the trends. Do customers want faster computers, better graphics, and more responsive gaming and control (for drones, robotics, autonomous driving)? Do they want faster cloud-based applications and are they generating more data?The answers to these questions all point to more demand for Nvidia’s products In turn, it’s the main reason I believe this firm will eventually command a $1 trillion market cap.Blue-Chip Stocks to Buy: Starbucks Source: Grand Warszawski / Shutterstock.comLast but not least, we have a dominant food- and drinks-based retailer with Starbucks. Aside from routinely landing among the top spots in thePiper Sandlerteen survey, Starbucks remains a go-to “third place” for consumers of all ages.The company may be out of its strong growth days, but Starbucks still generates impressive cash flow and growth. With that in mind, analysts expectabout 13% revenue growth this year, then a steady 8% to 9% growth ineach of the next three years.On the earnings front, analysts expect roughly 18% earnings growth this year, followed by more than 17% growth next year.Furthermore, the recent dip in the stock has driven Starbucks’ dividend yield up above 2%.While it’s not winning many income investors over at that rate, it’s not bad for those of us with a long-term horizon that isn’t necessarily focused solely on dividend income. However, the company has made this yield a priority.Starbucks has grown its dividend for 11 years now, with afive-year average growth rateof about 15.9%. So, clearly, it’s a focus.Thus, as long as the world is drinking coffee, Starbucks will be a winner.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"NVDA":0.9,"SBUX":0.9,"V":0.9,"NKE":0.9,"AAPL":0.9,"GOOG":0.9,"MA":0.9}},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3552850525395609","authorId":"3552850525395609","name":"moliya","avatar":"https://community-static.tradeup.com/news/748bcf0aa156e5b68e0b397250aefd6a","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3552850525395609","idStr":"3552850525395609"},"content":"remember you always cannot timing the market... you look into 52 Wk high n low for guidance...n DCA it with your budget","text":"remember you always cannot timing the market... you look into 52 Wk high n low for guidance...n DCA it with your budget","html":"remember you always cannot timing the market... you look into 52 Wk high n low for guidance...n DCA it with your budget"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110712693,"gmtCreate":1622504026812,"gmtModify":1704185112535,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Too over valued at the moment to buy&nbsp;","listText":"Too over valued at the moment to buy&nbsp;","text":"Too over valued at the moment to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/110712693","repostId":"2139453630","repostType":4,"isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570619054429964","authorId":"3570619054429964","name":"Evey77","avatar":"https://static.tigerbbs.com/8a042e238635d0f206ea5cc76045eb40","crmLevel":13,"crmLevelSwitch":1,"authorIdStr":"3570619054429964","idStr":"3570619054429964"},"content":"Some stocks are emo buys, not based on IV [Happy]","text":"Some stocks are emo buys, not based on IV [Happy]","html":"Some stocks are emo buys, not based on IV [Happy]"},{"author":{"id":"3583346872067671","authorId":"3583346872067671","name":"mightypaul1","avatar":"https://static.tigerbbs.com/45e9b83ea26ca81c4e5e9c879c7ab59f","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3583346872067671","idStr":"3583346872067671"},"content":"Good for gamers","text":"Good for gamers","html":"Good for gamers"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013147847,"gmtCreate":1648694642438,"gmtModify":1676534381578,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Healthy pullback&nbsp;","listText":"Healthy pullback&nbsp;","text":"Healthy pullback","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013147847","repostId":"2223334013","repostType":4,"repost":{"id":"2223334013","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1648680663,"share":"https://ttm.financial/m/news/2223334013?lang=en_US&edition=fundamental","pubTime":"2022-03-31 06:51","market":"us","language":"en","title":"US STOCKS-Dow, S&P Close Lower After 4 Days of Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=2223334013","media":"Reuters","summary":"U.S. bond market spurs recession worryPrivate payrolls increased by 455,000 jobs in MarchDow down 0.19%, S&P 500 down 0.63%, Nasdaq down 1.21%U.S. stocks fell on Wednesday, with the Dow and S&P 500 sn","content":"<html><head></head><body><ul><li>U.S. bond market spurs recession worry</li><li>Private payrolls increased by 455,000 jobs in March</li><li>Dow down 0.19%, S&amp;P 500 down 0.63%, Nasdaq down 1.21%</li></ul><p>U.S. stocks fell on Wednesday, with the Dow and S&amp;P 500 snapping four-session winning streaks, on waning signs of progress for peace talks between Ukraine and Russia against a backdrop of a hawkish Federal Reserve curbing economic growth.</p><p>The S&amp;P has rebounded more than 5% in March after starting the year with two straight monthly declines. Still, the benchmark index is on track for its first quarterly decline since the first quarter of 2020, when the COVID-19 pandemic in the United States was reaching full swing.</p><p>Prices for commodities such as oil and metals have surged since the invasion, intensifying already-high U.S. inflation.</p><p>&#34;Ukraine is the controlling narrative for this market, if we are going to get a settlement and we get the potential from that settlement for lower energy prices, which is really the key, and then some sort of return to normalcy in terms of the world economy that is a real positive for the market,&#34; said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.</p><p>&#34;If not, we are going to continue to just go back and forth here as the market tries to digest who the winners and losers are because there are a lot of unintended consequences coming out of this war,&#34; Meckler added.</p><p>The Dow Jones Industrial Average (.DJI) fell 65.38 points, or 0.19%, to 35,228.81, the S&amp;P 500 (.SPX) lost 29.15 points, or 0.63%, to 4,602.45 and the Nasdaq Composite (.IXIC) dropped 177.36 points, or 1.21%, to 14,442.28.</p><p>As inflation intensifies, so does speculation the Federal Reserve may get more aggressive in raising interest rates, which could put a damper on economic growth.</p><p>The S&amp;P energy index (.SPNY) was the leading sector on the plus side with a gain of 1.17%. It is up nearly 40% this year, which would mark its strongest quarterly performance ever.</p><p>The sector is currently one of only three that are positive on the year and has far outpaced the next closest performer in utilities (.SPLRCU), which are up nearly 4% on the year but closed at a record high for a fourth straight session.</p><p>Some investors have taken a defensive stance due to fears of excessive Fed tightening and recent signals in the bond market that often act as precursors to a recession.</p><p>Still, economic data continues to indicate a strong labor market. The ADP National Employment Report showed private payrolls rose by 455,000 jobs last month after advancing 486,000 in February. Investors will watch for Friday&#39;s payrolls report.</p><p><a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica Inc</a> surged 9.58% after forecasting full-year profit and revenue above estimates, as demand for athletic wear remains strong. read more</p><p>Volume on U.S. exchanges was 11.69 billion shares, compared with the 13.93 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 44 new 52-week highs and 1 new low; the Nasdaq Composite recorded 51 new highs and 47 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Dow, S&P Close Lower After 4 Days of Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Dow, S&P Close Lower After 4 Days of Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-31 06:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>U.S. bond market spurs recession worry</li><li>Private payrolls increased by 455,000 jobs in March</li><li>Dow down 0.19%, S&amp;P 500 down 0.63%, Nasdaq down 1.21%</li></ul><p>U.S. stocks fell on Wednesday, with the Dow and S&amp;P 500 snapping four-session winning streaks, on waning signs of progress for peace talks between Ukraine and Russia against a backdrop of a hawkish Federal Reserve curbing economic growth.</p><p>The S&amp;P has rebounded more than 5% in March after starting the year with two straight monthly declines. Still, the benchmark index is on track for its first quarterly decline since the first quarter of 2020, when the COVID-19 pandemic in the United States was reaching full swing.</p><p>Prices for commodities such as oil and metals have surged since the invasion, intensifying already-high U.S. inflation.</p><p>&#34;Ukraine is the controlling narrative for this market, if we are going to get a settlement and we get the potential from that settlement for lower energy prices, which is really the key, and then some sort of return to normalcy in terms of the world economy that is a real positive for the market,&#34; said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.</p><p>&#34;If not, we are going to continue to just go back and forth here as the market tries to digest who the winners and losers are because there are a lot of unintended consequences coming out of this war,&#34; Meckler added.</p><p>The Dow Jones Industrial Average (.DJI) fell 65.38 points, or 0.19%, to 35,228.81, the S&amp;P 500 (.SPX) lost 29.15 points, or 0.63%, to 4,602.45 and the Nasdaq Composite (.IXIC) dropped 177.36 points, or 1.21%, to 14,442.28.</p><p>As inflation intensifies, so does speculation the Federal Reserve may get more aggressive in raising interest rates, which could put a damper on economic growth.</p><p>The S&amp;P energy index (.SPNY) was the leading sector on the plus side with a gain of 1.17%. It is up nearly 40% this year, which would mark its strongest quarterly performance ever.</p><p>The sector is currently one of only three that are positive on the year and has far outpaced the next closest performer in utilities (.SPLRCU), which are up nearly 4% on the year but closed at a record high for a fourth straight session.</p><p>Some investors have taken a defensive stance due to fears of excessive Fed tightening and recent signals in the bond market that often act as precursors to a recession.</p><p>Still, economic data continues to indicate a strong labor market. The ADP National Employment Report showed private payrolls rose by 455,000 jobs last month after advancing 486,000 in February. Investors will watch for Friday&#39;s payrolls report.</p><p><a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica Inc</a> surged 9.58% after forecasting full-year profit and revenue above estimates, as demand for athletic wear remains strong. read more</p><p>Volume on U.S. exchanges was 11.69 billion shares, compared with the 13.93 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 44 new 52-week highs and 1 new low; the Nasdaq Composite recorded 51 new highs and 47 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QLD":"2倍做多纳斯达克100指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares",".IXIC":"NASDAQ Composite","DJX":"1/100道琼斯","SQQQ":"纳指三倍做空ETF","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","LULU":"lululemon athletica",".DJI":"道琼斯","BK4504":"桥水持仓","PSQ":"做空纳斯达克100指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","DXD":"两倍做空道琼30指数ETF-ProShares","BK4202":"服装、服饰与奢侈品",".SPX":"S&P 500 Index","DOG":"道指ETF-ProShares做空","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2223334013","content_text":"U.S. bond market spurs recession worryPrivate payrolls increased by 455,000 jobs in MarchDow down 0.19%, S&P 500 down 0.63%, Nasdaq down 1.21%U.S. stocks fell on Wednesday, with the Dow and S&P 500 snapping four-session winning streaks, on waning signs of progress for peace talks between Ukraine and Russia against a backdrop of a hawkish Federal Reserve curbing economic growth.The S&P has rebounded more than 5% in March after starting the year with two straight monthly declines. Still, the benchmark index is on track for its first quarterly decline since the first quarter of 2020, when the COVID-19 pandemic in the United States was reaching full swing.Prices for commodities such as oil and metals have surged since the invasion, intensifying already-high U.S. inflation.\"Ukraine is the controlling narrative for this market, if we are going to get a settlement and we get the potential from that settlement for lower energy prices, which is really the key, and then some sort of return to normalcy in terms of the world economy that is a real positive for the market,\" said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.\"If not, we are going to continue to just go back and forth here as the market tries to digest who the winners and losers are because there are a lot of unintended consequences coming out of this war,\" Meckler added.The Dow Jones Industrial Average (.DJI) fell 65.38 points, or 0.19%, to 35,228.81, the S&P 500 (.SPX) lost 29.15 points, or 0.63%, to 4,602.45 and the Nasdaq Composite (.IXIC) dropped 177.36 points, or 1.21%, to 14,442.28.As inflation intensifies, so does speculation the Federal Reserve may get more aggressive in raising interest rates, which could put a damper on economic growth.The S&P energy index (.SPNY) was the leading sector on the plus side with a gain of 1.17%. It is up nearly 40% this year, which would mark its strongest quarterly performance ever.The sector is currently one of only three that are positive on the year and has far outpaced the next closest performer in utilities (.SPLRCU), which are up nearly 4% on the year but closed at a record high for a fourth straight session.Some investors have taken a defensive stance due to fears of excessive Fed tightening and recent signals in the bond market that often act as precursors to a recession.Still, economic data continues to indicate a strong labor market. The ADP National Employment Report showed private payrolls rose by 455,000 jobs last month after advancing 486,000 in February. Investors will watch for Friday's payrolls report.Lululemon Athletica Inc surged 9.58% after forecasting full-year profit and revenue above estimates, as demand for athletic wear remains strong. read moreVolume on U.S. exchanges was 11.69 billion shares, compared with the 13.93 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored decliners.The S&P 500 posted 44 new 52-week highs and 1 new low; the Nasdaq Composite recorded 51 new highs and 47 new lows.","news_type":1,"symbols_score_info":{"SDOW":0.6,"TQQQ":0.6,"DXD":0.6,"MNQmain":0.6,"NQmain":0.6,"SQQQ":0.6,"LULU":0.9,"QID":0.6,"QLD":0.6,"DJX":0.6,"DDM":0.6,".IXIC":0.9,".SPX":0.9,"PSQ":0.6,".DJI":0.9,"UDOW":0.6,"DOG":0.6,"QQQ":0.6}},"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111837034,"gmtCreate":1622674679628,"gmtModify":1704188495322,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Zoom to the moon&nbsp;","listText":"Zoom to the moon&nbsp;","text":"Zoom to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/111837034","repostId":"1190877618","repostType":4,"repost":{"id":"1190877618","kind":"news","pubTimestamp":1622646647,"share":"https://ttm.financial/m/news/1190877618?lang=en_US&edition=fundamental","pubTime":"2021-06-02 23:10","market":"us","language":"en","title":"Zoom Earnings Beat Expectations: 5 Key Metrics You Should See","url":"https://stock-news.laohu8.com/highlight/detail?id=1190877618","media":"Motley Fool","summary":"The videoconferencing specialist also raised its full-year outlook.","content":"<p><b>Zoom Video Communications</b>&nbsp;(NASDAQ:ZM)&nbsp;reported powerful results for its first quarter of fiscal 2022, which ended on April 30. The videoconferencing specialist's business continued to get a tailwind from the COVID-19 pandemic, which has driven a surge in the number of people using its services for working, learning, and socializing from home.</p>\n<p>Shares of Zoom (which&nbsp;went public&nbsp;in April 2019) are up 2.8% on Wednesday as of 9:35 a.m. EDT. We can attribute the market's initial positive reaction to both revenue and earnings handily beating the Wall Street consensus estimates, fiscal Q2 guidance for both the top and bottom lines also easily surpassing analysts' expectations, and management raising its full-year outlook for both revenue and earnings.</p>\n<p>The market's reaction is muted because while year-over-year growth is still strong, it's slowing and expected to continue to slow. As I wrote in my&nbsp;earnings preview, this \"report marks Zoom's last relatively easy year-over-year comparable. It covers the period from February through April, so the year-ago period includes only about one and a half months that got a boost from the pandemic.\"</p>\n<p>Below is an overview of Zoom's quarter, along with its outlook.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/966adfe1ca445c638f2694f4b31d4801\" tg-width=\"2000\" tg-height=\"1142\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>1. Revenue jumped 191%</b></p>\n<p>Zoom's fiscal first-quarter sales soared 191% year over year (and 8.4% from the prior quarter) to $956.2 million. This result sped by the $905.7 million analysts were expecting and the company's guidance of $900 million to $905 million. Growth was driven by the addition of new customers and expansion of the services the company provides to existing customers.</p>\n<p>For context, in the prior two quarters, Zoom's revenue surged 369% (fourth quarter of fiscal 2021) and 367% (third quarter of fiscal 2021) year over year. For the full fiscal year 2021, revenue rocketed 326% year over year to $2.65 billion.</p>\n<p>Here's a look at key customer metrics:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5697cb46c57d25575c9631bc374bfa72\" tg-width=\"1151\" tg-height=\"431\"><span>DATA SOURCE: ZOOM VIDEO COMMUNICATIONS. YOY = YEAR OVER YEAR.</span></p>\n<p>For context, last quarter, the number of customers with more than 10 employees skyrocketed 470% year over year to 467,000, and the number of customers contributing more than $100,000 in trailing-12-month revenue jumped 156% to 1,644.</p>\n<p>While year-over-year growth in the first metric is slowing, this is not the case with the second metric, whose year-over-year growth was about the same as last quarter.</p>\n<p><b>2. Adjusted operating income soared 634%</b></p>\n<p>Income from operations under generally accepted accounting principles (GAAP) was $226.3 million, a nearly tenfold increase from the year-ago period. Adjusted for one-time items, operating income came in at $400.9 million, up 634% year over year.</p>\n<p><b>3. Adjusted EPS surged 560%</b></p>\n<p>GAAP net income was $227.4 million, or $0.74 per share, up from $0.09 per share in the year-ago period. Adjusted net income landed at $402.1 million, or $1.32 per share, up 560% year over year.</p>\n<p>Wall Street had been looking for adjusted earnings per share (EPS) of $0.99, so the company easily beat the profit expectation. It also zoomed by its own guidance of $0.95 to $0.97.</p>\n<p><b>4. Operating cash flow rose 106%</b></p>\n<p>In fiscal Q1, operating cash flow grew 106% year over year to $533.3 million. Free cash flow increased 80% to $454.2 million.</p>\n<p>The company ended the period with $4.7 billion in available cash, cash equivalents, and marketable securities.</p>\n<p><b>5. Fiscal 2022 revenue is expected to jump about 50%</b></p>\n<p>For the second quarter of fiscal 2022, Zoom management guided for revenue between $985 million and $990 million, representing growth of 49% year over year at the midpoint. It also expects adjusted EPS of $1.14 to $1.15, representing growth of 24% to 25%.</p>\n<p>Going into the report, Wall Street had been modeling for fiscal Q2 adjusted EPS of $0.94 on revenue of $931.6 million. So Zoom's outlook on both the top and bottom lines breezed by analysts' expectations.</p>\n<p>For full-year fiscal 2022, management raised its guidance as follows:</p>\n<ul>\n <li>Revenue of $3.975 billion to $3.99 billion, up from the prior range of $3.76 billion to $3.78 billion.</li>\n <li>Adjusted EPS of $4.56 to $4.61, up from $3.59 to $3.65.</li>\n</ul>\n<p>The current full-year outlook represents expected annual revenue growth of 50% to 51% and adjusted EPS growth of 37% to 38%.</p>\n<p><b>Another fantastic quarter</b></p>\n<p>Zoom turned in fantastic Q1 results. Naturally, the company's year-over-year growth should slow as its comparables become extremely tough starting in Q2. Moreover, the fact that the pandemic is easing will likely hurt growth to some degree, but the company still has much long-term growth potential.</p>\n<p>Investors should be heartened by the solid Q2 outlook, keeping in mind the company has a track record of easily beating its guidance. In other words, it's probably safe to say that we can expect Q2 revenue growth of more than 49% and adjusted EPS growth of more than 25% year over year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoom Earnings Beat Expectations: 5 Key Metrics You Should See</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoom Earnings Beat Expectations: 5 Key Metrics You Should See\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/02/zoom-earnings-beat-expectations-5-key-metrics-you/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zoom Video Communications (NASDAQ:ZM) reported powerful results for its first quarter of fiscal 2022, which ended on April 30. The videoconferencing specialist's business continued to get a tailwind ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/02/zoom-earnings-beat-expectations-5-key-metrics-you/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/06/02/zoom-earnings-beat-expectations-5-key-metrics-you/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190877618","content_text":"Zoom Video Communications (NASDAQ:ZM) reported powerful results for its first quarter of fiscal 2022, which ended on April 30. The videoconferencing specialist's business continued to get a tailwind from the COVID-19 pandemic, which has driven a surge in the number of people using its services for working, learning, and socializing from home.\nShares of Zoom (which went public in April 2019) are up 2.8% on Wednesday as of 9:35 a.m. EDT. We can attribute the market's initial positive reaction to both revenue and earnings handily beating the Wall Street consensus estimates, fiscal Q2 guidance for both the top and bottom lines also easily surpassing analysts' expectations, and management raising its full-year outlook for both revenue and earnings.\nThe market's reaction is muted because while year-over-year growth is still strong, it's slowing and expected to continue to slow. As I wrote in my earnings preview, this \"report marks Zoom's last relatively easy year-over-year comparable. It covers the period from February through April, so the year-ago period includes only about one and a half months that got a boost from the pandemic.\"\nBelow is an overview of Zoom's quarter, along with its outlook.\nIMAGE SOURCE: GETTY IMAGES.\n1. Revenue jumped 191%\nZoom's fiscal first-quarter sales soared 191% year over year (and 8.4% from the prior quarter) to $956.2 million. This result sped by the $905.7 million analysts were expecting and the company's guidance of $900 million to $905 million. Growth was driven by the addition of new customers and expansion of the services the company provides to existing customers.\nFor context, in the prior two quarters, Zoom's revenue surged 369% (fourth quarter of fiscal 2021) and 367% (third quarter of fiscal 2021) year over year. For the full fiscal year 2021, revenue rocketed 326% year over year to $2.65 billion.\nHere's a look at key customer metrics:\nDATA SOURCE: ZOOM VIDEO COMMUNICATIONS. YOY = YEAR OVER YEAR.\nFor context, last quarter, the number of customers with more than 10 employees skyrocketed 470% year over year to 467,000, and the number of customers contributing more than $100,000 in trailing-12-month revenue jumped 156% to 1,644.\nWhile year-over-year growth in the first metric is slowing, this is not the case with the second metric, whose year-over-year growth was about the same as last quarter.\n2. Adjusted operating income soared 634%\nIncome from operations under generally accepted accounting principles (GAAP) was $226.3 million, a nearly tenfold increase from the year-ago period. Adjusted for one-time items, operating income came in at $400.9 million, up 634% year over year.\n3. Adjusted EPS surged 560%\nGAAP net income was $227.4 million, or $0.74 per share, up from $0.09 per share in the year-ago period. Adjusted net income landed at $402.1 million, or $1.32 per share, up 560% year over year.\nWall Street had been looking for adjusted earnings per share (EPS) of $0.99, so the company easily beat the profit expectation. It also zoomed by its own guidance of $0.95 to $0.97.\n4. Operating cash flow rose 106%\nIn fiscal Q1, operating cash flow grew 106% year over year to $533.3 million. Free cash flow increased 80% to $454.2 million.\nThe company ended the period with $4.7 billion in available cash, cash equivalents, and marketable securities.\n5. Fiscal 2022 revenue is expected to jump about 50%\nFor the second quarter of fiscal 2022, Zoom management guided for revenue between $985 million and $990 million, representing growth of 49% year over year at the midpoint. It also expects adjusted EPS of $1.14 to $1.15, representing growth of 24% to 25%.\nGoing into the report, Wall Street had been modeling for fiscal Q2 adjusted EPS of $0.94 on revenue of $931.6 million. So Zoom's outlook on both the top and bottom lines breezed by analysts' expectations.\nFor full-year fiscal 2022, management raised its guidance as follows:\n\nRevenue of $3.975 billion to $3.99 billion, up from the prior range of $3.76 billion to $3.78 billion.\nAdjusted EPS of $4.56 to $4.61, up from $3.59 to $3.65.\n\nThe current full-year outlook represents expected annual revenue growth of 50% to 51% and adjusted EPS growth of 37% to 38%.\nAnother fantastic quarter\nZoom turned in fantastic Q1 results. Naturally, the company's year-over-year growth should slow as its comparables become extremely tough starting in Q2. Moreover, the fact that the pandemic is easing will likely hurt growth to some degree, but the company still has much long-term growth potential.\nInvestors should be heartened by the solid Q2 outlook, keeping in mind the company has a track record of easily beating its guidance. In other words, it's probably safe to say that we can expect Q2 revenue growth of more than 49% and adjusted EPS growth of more than 25% year over year.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":1064,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570619054429964","authorId":"3570619054429964","name":"Evey77","avatar":"https://static.tigerbbs.com/8a042e238635d0f206ea5cc76045eb40","crmLevel":13,"crmLevelSwitch":1,"authorIdStr":"3570619054429964","idStr":"3570619054429964"},"content":"Will it come down to earth in future quarters? [Grin]","text":"Will it come down to earth in future quarters? [Grin]","html":"Will it come down to earth in future quarters? [Grin]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014904458,"gmtCreate":1649576035410,"gmtModify":1676534533328,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"2030 - 8 years from now. A lot can happen&nbsp;","listText":"2030 - 8 years from now. A lot can happen&nbsp;","text":"2030 - 8 years from now. A lot can happen","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014904458","repostId":"1187763771","repostType":4,"repost":{"id":"1187763771","kind":"news","pubTimestamp":1649560342,"share":"https://ttm.financial/m/news/1187763771?lang=en_US&edition=fundamental","pubTime":"2022-04-10 11:12","market":"us","language":"en","title":"Where Will Tesla Stock Be In 2030? Analyst Weighs In","url":"https://stock-news.laohu8.com/highlight/detail?id=1187763771","media":"Benzinga","summary":"Tesla, Inc.TSLAshares barely budged despite all the hype surrounding theCyber Rodeo event held this week.All the same, one analyst is confident that the stock will hit top gear and keep rising over th","content":"<div>\n<p>Tesla, Inc.TSLAshares barely budged despite all the hype surrounding the Cyber Rodeo event held this week. All the same, one analyst is confident that the stock will hit top gear and keep rising over ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26557373/where-will-tesla-stock-be-in-2030-analyst-weighs-in\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Tesla Stock Be In 2030? Analyst Weighs In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhere Will Tesla Stock Be In 2030? Analyst Weighs In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-10 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26557373/where-will-tesla-stock-be-in-2030-analyst-weighs-in><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla, Inc.TSLAshares barely budged despite all the hype surrounding the Cyber Rodeo event held this week. All the same, one analyst is confident that the stock will hit top gear and keep rising over ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26557373/where-will-tesla-stock-be-in-2030-analyst-weighs-in\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26557373/where-will-tesla-stock-be-in-2030-analyst-weighs-in","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187763771","content_text":"Tesla, Inc.TSLAshares barely budged despite all the hype surrounding the Cyber Rodeo event held this week. All the same, one analyst is confident that the stock will hit top gear and keep rising over the next decade.What Happened: Tesla stock will go from a market capitalization of a little over $1 trillion currently to $10 trillion by 2030, New Street Research analyst Pierre Ferragu said in a tweet. The analyst said the Tesla growth story is slowly taking hold and the company is on track to see unprecedented scale and capture 20% of the auto market.Ferragu, however, cautioned that his estimate is neither a forecast nor an investment recommendation, leaving it open to investors to decide for themselves.The analyst's 2030 look ahead assumes 20 million units of vehicle sales and an average selling price of $35,000, translating to vehicle sales of $700 billion. About $1.5 billion will likely come from insurance, $35 billion-$70 billion from full-self driving software and $250 billion from energy, with real AI providing option value.The total 2030 revenue will likely come in at $1 trillion, the analyst estimates. Applying a multiple of 8-10 times on estimated sales, the company's valuation will gallop to about $10 trillion, he added.Where Will This Leave Tesla Stock: Tesla's outstanding share count is currently at 1.03 billion. If the share count remains unchanged, the per-share value of Tesla would be around $9,710.Tesla detractors and skeptical investors may debate the credibility of Ferragu's model. Nevertheless, the company is poised to see superlative growth over the coming years. Tesla, according to many sell-side analysts, is not able to keep pace with the surging demand for its vehicles.It may now have found a solution with the two more Gigas, in Berlin and Texas, coming online. Loup Fund analyst Gene Munster expects the company to deliver 1.8 million vehicles in 2023.Tesla closed Friday's session down 3% at $1,025.49.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045309799,"gmtCreate":1656555454611,"gmtModify":1676535853350,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Detailed analysis&nbsp;Definitely an interesting company. Last line is most important. Small position in a well rounded portfolio.&nbsp;","listText":"Detailed analysis&nbsp;Definitely an interesting company. Last line is most important. Small position in a well rounded portfolio.&nbsp;","text":"Detailed analysis Definitely an interesting company. Last line is most important. Small position in a well rounded portfolio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045309799","repostId":"2247031339","repostType":4,"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030041406,"gmtCreate":1645586396239,"gmtModify":1676534043222,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Sounds like it's good for SOFI's business thowhy down&nbsp;","listText":"Sounds like it's good for SOFI's business thowhy down&nbsp;","text":"Sounds like it's good for SOFI's business thowhy down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030041406","repostId":"1190976903","repostType":4,"repost":{"id":"1190976903","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1645583218,"share":"https://ttm.financial/m/news/1190976903?lang=en_US&edition=fundamental","pubTime":"2022-02-23 10:26","market":"us","language":"en","title":"Why Did SoFI Shares Plunge Nearly 10% on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1190976903","media":"Benzinga","summary":"SoFi Technologies traded lower Tuesday after the company announced it entered into a definitive merg","content":"<html><head></head><body><p><b>SoFi Technologies</b> traded lower Tuesday after the company announced it entered into a definitive merger agreement to acquire Technisys.</p><p>Technisys operates a cloud-native, digital multi-product core banking platform. The platform will help SoFi provide best-of-breed products as a one-stop-shop financial services platform, as well as build on the company&#39;s pursuit to become the <b>Amazon.com Inc</b> Web Services of fintech.</p><p>&#34;Technisys has built an attractive, fast-growth business with a unique and critical strategic technology that all leading financial services companies will need in order to keep pace with digital innovation,&#34; said <b>Anthony Noto</b>, CEO of SoFi.</p><p>&#34;The acquisition of Technisys is an essential building block in delivering on our member-centric, digital one-stop-shop experience for SoFi members and our partners through Galileo, our provider of fintech cloud services.&#34;</p><p>Technisys’ shareholders will receive approximately 84 million shares of SoFi, worth approximately $1.1 billion. The transaction is expected to close &#34;by the second quarter.&#34;</p><p><b>SOFI Price Action:</b>Sofi stock closed lower 9.92% on Tuesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did SoFI Shares Plunge Nearly 10% on Tuesday</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Did SoFI Shares Plunge Nearly 10% on Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-02-23 10:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>SoFi Technologies</b> traded lower Tuesday after the company announced it entered into a definitive merger agreement to acquire Technisys.</p><p>Technisys operates a cloud-native, digital multi-product core banking platform. The platform will help SoFi provide best-of-breed products as a one-stop-shop financial services platform, as well as build on the company&#39;s pursuit to become the <b>Amazon.com Inc</b> Web Services of fintech.</p><p>&#34;Technisys has built an attractive, fast-growth business with a unique and critical strategic technology that all leading financial services companies will need in order to keep pace with digital innovation,&#34; said <b>Anthony Noto</b>, CEO of SoFi.</p><p>&#34;The acquisition of Technisys is an essential building block in delivering on our member-centric, digital one-stop-shop experience for SoFi members and our partners through Galileo, our provider of fintech cloud services.&#34;</p><p>Technisys’ shareholders will receive approximately 84 million shares of SoFi, worth approximately $1.1 billion. The transaction is expected to close &#34;by the second quarter.&#34;</p><p><b>SOFI Price Action:</b>Sofi stock closed lower 9.92% on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190976903","content_text":"SoFi Technologies traded lower Tuesday after the company announced it entered into a definitive merger agreement to acquire Technisys.Technisys operates a cloud-native, digital multi-product core banking platform. The platform will help SoFi provide best-of-breed products as a one-stop-shop financial services platform, as well as build on the company's pursuit to become the Amazon.com Inc Web Services of fintech.\"Technisys has built an attractive, fast-growth business with a unique and critical strategic technology that all leading financial services companies will need in order to keep pace with digital innovation,\" said Anthony Noto, CEO of SoFi.\"The acquisition of Technisys is an essential building block in delivering on our member-centric, digital one-stop-shop experience for SoFi members and our partners through Galileo, our provider of fintech cloud services.\"Technisys’ shareholders will receive approximately 84 million shares of SoFi, worth approximately $1.1 billion. The transaction is expected to close \"by the second quarter.\"SOFI Price Action:Sofi stock closed lower 9.92% on Tuesday.","news_type":1,"symbols_score_info":{"SOFI":0.9}},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198892464,"gmtCreate":1620949871358,"gmtModify":1704350885867,"author":{"id":"3565944798085236","authorId":"3565944798085236","name":"ET77","avatar":"https://static.tigerbbs.com/2c73ac2c436c2e43d9b78a2c52d24cb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3565944798085236","idStr":"3565944798085236"},"themes":[],"htmlText":"Let the sale carry on&nbsp;","listText":"Let the sale carry on&nbsp;","text":"Let the sale carry on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/198892464","repostId":"2135945620","repostType":4,"repost":{"id":"2135945620","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620936034,"share":"https://ttm.financial/m/news/2135945620?lang=en_US&edition=fundamental","pubTime":"2021-05-14 04:00","market":"us","language":"en","title":"Wall Street closes higher in 'buy the dip' session","url":"https://stock-news.laohu8.com/highlight/detail?id=2135945620","media":"Reuters","summary":"NEW YORK, May 13  - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.\"If this is a footrace, supply chains are still tying th","content":"<p>NEW YORK, May 13 (Reuters) - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.</p><p>All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.</p><p>Meanwhile, cyclical shares enjoyed the biggest gains.</p><p>Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.</p><p>\"If this is a footrace, supply chains are still tying their shoes,\" said David Carter, chief investment officer at Lenox Wealth Advisors in New York. \"But they will catch up with demand fairly quickly.\"</p><p>But on Thursday, investors appeared to be focusing on the glass-half-full side of the demand/supply equation.</p><p>This was evidenced by the outperformance of small caps, chips&nbsp;and transports , economically sensitive stocks that stand to gain as the United States emerges from the pandemic recession.</p><p>\"Sectors and stocks that were hurt most significantly by yesterday's sell-off rebounded strongly today given that economic growth is expected to remain strong throughout the year and any inflation is likely to be temporary,\" Carter added.</p><p>New applications for unemployment insurance continue to fall, according to jobless claims data from the Labor Department that hit a 14-month low.</p><p>Labor Department data also showed producer prices surged last month, building on the inflation surge narrative of Wednesday's consumer prices report.</p><p>\"The inflation boogeyman is back right on cue,\" Carter said. \"And will continue to spook markets for the coming months.\"</p><p>But rising prices were widely anticipated, and the U.S. Federal Reserve has provided repeated assurances that it does not foresee those spikes morphing into sustained, long-term inflation.</p><p>The Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34,021.45, the S&amp;P 500 gained 49.46 points, or 1.22%, to 4,112.5 and the Nasdaq Composite added 93.31 points, or 0.72%, to 13,124.99.</p><p>Of the 11 major sectors in the S&amp;P 500, 10 ended green, with industrials enjoying the largest percentage gain.</p><p>Energy, weighed by a drop in crude prices, was the sole loser, shedding 1.4%. [O/R]</p><p>Walt Disney Co shares were down nearly 5% in after-hours trading after posting quarterly results.</p><p>Dating app owner Bumble Inc tumbled 14.3%, falling below its initial public offering price, as investors remained cautious about how quickly users will return to in-person meetings.</p><p>Boeing Co rose 0.8% after gaining approval from U.S. regulators for a fix of an electrical grounding issue.</p><p>Tesla continued its slide, dropping 3.1%, the heaviest drag on the Nasdaq, after boss Elon Musk doubled down on his sudden rejection of cryptocurrency bitcoin.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 201 new lows.</p><p>Volume on U.S. exchanges was 11.50 billion shares, compared with the 10.53 billion average over the last 20 trading days.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report：</i></b></p><p><a href=\"https://laohu8.com/NW/1143623731\" target=\"_blank\">Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference</a></p><p><a href=\"https://laohu8.com/NW/1149765041\" target=\"_blank\">Coinbase revenue tripled from last quarter,To Offer Dogecoin In 6 To 8 Weeks</a></p><p><a href=\"https://laohu8.com/NW/2135732206\" target=\"_blank\">Airbnb bookings jump 52% as vaccinations spur vacation rental demand</a></p><p><a href=\"https://laohu8.com/NW/2135555675\" target=\"_blank\">DoorDash triples gross order volume and nearly triples revenue in first quarter</a></p><p><a href=\"https://laohu8.com/NW/2135283678\" target=\"_blank\">Aurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cuts</a></p><p><a href=\"https://laohu8.com/NW/2135787576\" target=\"_blank\">Farfetch’s First-quarter Sales Run Up 46.4 Percent</a></p><p><a href=\"https://laohu8.com/NW/1100486329\" target=\"_blank\">Luminar stock dips after mixed Q1 report with wider than exp</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street closes higher in 'buy the dip' session</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes higher in 'buy the dip' session\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-14 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, May 13 (Reuters) - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.</p><p>All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.</p><p>Meanwhile, cyclical shares enjoyed the biggest gains.</p><p>Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.</p><p>\"If this is a footrace, supply chains are still tying their shoes,\" said David Carter, chief investment officer at Lenox Wealth Advisors in New York. \"But they will catch up with demand fairly quickly.\"</p><p>But on Thursday, investors appeared to be focusing on the glass-half-full side of the demand/supply equation.</p><p>This was evidenced by the outperformance of small caps, chips&nbsp;and transports , economically sensitive stocks that stand to gain as the United States emerges from the pandemic recession.</p><p>\"Sectors and stocks that were hurt most significantly by yesterday's sell-off rebounded strongly today given that economic growth is expected to remain strong throughout the year and any inflation is likely to be temporary,\" Carter added.</p><p>New applications for unemployment insurance continue to fall, according to jobless claims data from the Labor Department that hit a 14-month low.</p><p>Labor Department data also showed producer prices surged last month, building on the inflation surge narrative of Wednesday's consumer prices report.</p><p>\"The inflation boogeyman is back right on cue,\" Carter said. \"And will continue to spook markets for the coming months.\"</p><p>But rising prices were widely anticipated, and the U.S. Federal Reserve has provided repeated assurances that it does not foresee those spikes morphing into sustained, long-term inflation.</p><p>The Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34,021.45, the S&amp;P 500 gained 49.46 points, or 1.22%, to 4,112.5 and the Nasdaq Composite added 93.31 points, or 0.72%, to 13,124.99.</p><p>Of the 11 major sectors in the S&amp;P 500, 10 ended green, with industrials enjoying the largest percentage gain.</p><p>Energy, weighed by a drop in crude prices, was the sole loser, shedding 1.4%. [O/R]</p><p>Walt Disney Co shares were down nearly 5% in after-hours trading after posting quarterly results.</p><p>Dating app owner Bumble Inc tumbled 14.3%, falling below its initial public offering price, as investors remained cautious about how quickly users will return to in-person meetings.</p><p>Boeing Co rose 0.8% after gaining approval from U.S. regulators for a fix of an electrical grounding issue.</p><p>Tesla continued its slide, dropping 3.1%, the heaviest drag on the Nasdaq, after boss Elon Musk doubled down on his sudden rejection of cryptocurrency bitcoin.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 201 new lows.</p><p>Volume on U.S. exchanges was 11.50 billion shares, compared with the 10.53 billion average over the last 20 trading days.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report：</i></b></p><p><a href=\"https://laohu8.com/NW/1143623731\" target=\"_blank\">Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference</a></p><p><a href=\"https://laohu8.com/NW/1149765041\" target=\"_blank\">Coinbase revenue tripled from last quarter,To Offer Dogecoin In 6 To 8 Weeks</a></p><p><a href=\"https://laohu8.com/NW/2135732206\" target=\"_blank\">Airbnb bookings jump 52% as vaccinations spur vacation rental demand</a></p><p><a href=\"https://laohu8.com/NW/2135555675\" target=\"_blank\">DoorDash triples gross order volume and nearly triples revenue in first quarter</a></p><p><a href=\"https://laohu8.com/NW/2135283678\" target=\"_blank\">Aurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cuts</a></p><p><a href=\"https://laohu8.com/NW/2135787576\" target=\"_blank\">Farfetch’s First-quarter Sales Run Up 46.4 Percent</a></p><p><a href=\"https://laohu8.com/NW/1100486329\" target=\"_blank\">Luminar stock dips after mixed Q1 report with wider than exp</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135945620","content_text":"NEW YORK, May 13 (Reuters) - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.Meanwhile, cyclical shares enjoyed the biggest gains.Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.\"If this is a footrace, supply chains are still tying their shoes,\" said David Carter, chief investment officer at Lenox Wealth Advisors in New York. \"But they will catch up with demand fairly quickly.\"But on Thursday, investors appeared to be focusing on the glass-half-full side of the demand/supply equation.This was evidenced by the outperformance of small caps, chips and transports , economically sensitive stocks that stand to gain as the United States emerges from the pandemic recession.\"Sectors and stocks that were hurt most significantly by yesterday's sell-off rebounded strongly today given that economic growth is expected to remain strong throughout the year and any inflation is likely to be temporary,\" Carter added.New applications for unemployment insurance continue to fall, according to jobless claims data from the Labor Department that hit a 14-month low.Labor Department data also showed producer prices surged last month, building on the inflation surge narrative of Wednesday's consumer prices report.\"The inflation boogeyman is back right on cue,\" Carter said. \"And will continue to spook markets for the coming months.\"But rising prices were widely anticipated, and the U.S. Federal Reserve has provided repeated assurances that it does not foresee those spikes morphing into sustained, long-term inflation.The Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34,021.45, the S&P 500 gained 49.46 points, or 1.22%, to 4,112.5 and the Nasdaq Composite added 93.31 points, or 0.72%, to 13,124.99.Of the 11 major sectors in the S&P 500, 10 ended green, with industrials enjoying the largest percentage gain.Energy, weighed by a drop in crude prices, was the sole loser, shedding 1.4%. [O/R]Walt Disney Co shares were down nearly 5% in after-hours trading after posting quarterly results.Dating app owner Bumble Inc tumbled 14.3%, falling below its initial public offering price, as investors remained cautious about how quickly users will return to in-person meetings.Boeing Co rose 0.8% after gaining approval from U.S. regulators for a fix of an electrical grounding issue.Tesla continued its slide, dropping 3.1%, the heaviest drag on the Nasdaq, after boss Elon Musk doubled down on his sudden rejection of cryptocurrency bitcoin.Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.The S&P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 201 new lows.Volume on U.S. exchanges was 11.50 billion shares, compared with the 10.53 billion average over the last 20 trading days.Financial Report：Disney+ subscriber growth is slowing like Netflix's — with one worrisome differenceCoinbase revenue tripled from last quarter,To Offer Dogecoin In 6 To 8 WeeksAirbnb bookings jump 52% as vaccinations spur vacation rental demandDoorDash triples gross order volume and nearly triples revenue in first quarterAurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cutsFarfetch’s First-quarter Sales Run Up 46.4 PercentLuminar stock dips after mixed Q1 report with wider than exp","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}